The market has been sneaky and yesterday it almost fooled me as premarket after CPI data it reached 6997 but that was a bull trap... So, as always as much as I can I try to be as objective as I could and ignore the noise. I pick up calls but it didn't work well as the market in the last 8 minutes crossed 6963 which was not enough for me, however, it is enough for the narrative.
Objectively and ignoring all the noise here's my levels:
6945 has been respected and the market trapped bears as it broke it for a couple of minutes and came back with strength.
Respecting 6945 gives me a clear 7000
after clearing 7000 we will dig into the new targets.
My position as long as we keep respecting 6945 is CALLS all the way... because it confirms a higher low and that gives us new higher highs.. breaking it will take us back to 6920 then 6900 followed by 6880, breaking the latter = bear market.
Will update you as we go.
GOOD LUCK!
remember all of this is my personal narrative & reading and it is not an ADVICE.
Objectively and ignoring all the noise here's my levels:
6945 has been respected and the market trapped bears as it broke it for a couple of minutes and came back with strength.
Respecting 6945 gives me a clear 7000
after clearing 7000 we will dig into the new targets.
My position as long as we keep respecting 6945 is CALLS all the way... because it confirms a higher low and that gives us new higher highs.. breaking it will take us back to 6920 then 6900 followed by 6880, breaking the latter = bear market.
Will update you as we go.
GOOD LUCK!
remember all of this is my personal narrative & reading and it is not an ADVICE.
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