Might we be nearing a support area? Looks like we can drop clear down to around 15,500, even around 15,000 without damage to the longer term trend. As you can see in October we dropped below trend line support for, in what I'll call a false breakdown. Then the trend continued up into the trend channel. Might we see the same thing? TBD. Note, I am about 90% cash here and waiting for positive price action before getting back into the market with any size. Hope this helps with perspective. I'm neither bullish or bearish nor predicting any outcome. Feedback welcome. Thanks for looking. ( See related link below)
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
