Stocks at pivotal point
Equities are at a pivotal point where they have bounced off a 382 retracement from the Covid low,
and now is testing the 236 resistance.
Currently from the top down, we are in a broadening wage pattern that could be coming to a close if bulls can get pass this resistance at 4000.
We very well could reject this resistance but I did want to point out that we are at the goal line & to consider that for the next week or two.
I have no bias here (yet).
and now is testing the 236 resistance.
Currently from the top down, we are in a broadening wage pattern that could be coming to a close if bulls can get pass this resistance at 4000.
We very well could reject this resistance but I did want to point out that we are at the goal line & to consider that for the next week or two.
I have no bias here (yet).
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