If we do break this pattern then this correction will play out longer. I'd suppose for the rest of February it will be playing out.
However let's look at the case where we do get a pump in the next 12 hours.
If this happens and we pass 10200 - I'd be very bullish.
If we get rejected around 10100 - I'd still expect us to drop to the lower levels around lower 9ks and higher 8ks.
However let's look at the case where we do get a pump in the next 12 hours.
If this happens and we pass 10200 - I'd be very bullish.
If we get rejected around 10100 - I'd still expect us to drop to the lower levels around lower 9ks and higher 8ks.
