Need to see how this plays out with FOMC news briefing soon. Not confirmed until volume and PA aligns.
-Pullback hit @ .618 Fib
-Daily oversold
-200MA Holding as support
-Market OI is way down
I am also not disqualifying the Bear scenario yet as we will see in due time if this will be a dead cat bounce before further downside, or if it holds as continuation to the upside.
-Pullback hit @ .618 Fib
-Daily oversold
-200MA Holding as support
-Market OI is way down
I am also not disqualifying the Bear scenario yet as we will see in due time if this will be a dead cat bounce before further downside, or if it holds as continuation to the upside.