Hello hello, This week was a true whipsaw which I expected going into the week.
It was a week of retests, As you can see from Mon close to Tues High, then Tues close to Wednesday Close. Wednesday close had the least amount of direction, and once Europe pumped overnight futes a lot of shorts got caught so we saw a huge green day on Thursday. Then from Thursday close to today's lows we saw another retest.
Would not be surprised to see today close a bit lower at the trendline. Inclined for a bullish week next week.
It was a week of retests, As you can see from Mon close to Tues High, then Tues close to Wednesday Close. Wednesday close had the least amount of direction, and once Europe pumped overnight futes a lot of shorts got caught so we saw a huge green day on Thursday. Then from Thursday close to today's lows we saw another retest.
Would not be surprised to see today close a bit lower at the trendline. Inclined for a bullish week next week.