Good morning traders,
We continue to come down to the bottom of the volume here, and we are now below 3775.
I'm looking for a flush lower before we see any kind of sustained buying, but there is always the risk of selling the lows and getting stuck. I will look to sell a rally, and then cover on a flushout lower and look to get long again.
It's a bit risky to bottom fish in a market that is really having trouble holding onto higher prices.
We continue to come down to the bottom of the volume here, and we are now below 3775.
I'm looking for a flush lower before we see any kind of sustained buying, but there is always the risk of selling the lows and getting stuck. I will look to sell a rally, and then cover on a flushout lower and look to get long again.
It's a bit risky to bottom fish in a market that is really having trouble holding onto higher prices.