ORIGINAL POST: 10:00
The logjam finally broke. We slightly exceeded yesterday’s 1464.50 target — topping out at 1465.15. This morning’s action reached the downside target “A” we established on Monday [see: The Hangover.]
We got a bounce at the bottom of the red channel — which should reach the 1454-1455 area — the recently broken red channel line and the midline of the white channel. But, I don’t think this move is finished (keeping in mind tomorrow is OPEX.) More in a few minutes.
continued…
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