This is kind of an educated guess, you never can tell what events or areas of support or resistance will set off different reactions.
We have a Bollinger Band Squeeze, which tells us a directional move is coming, from the 3C charts I am expecting that to be a pullback... Also the Demark-ish Indicator (What can we call this thing?) is firing a 10 min sell signal.
The 50 bar m.a. on a 10 min hart has held the trend well, so I'll use that.
And would make a best guess that the target will be around that moving average, give or take a little-$111-ish.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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