Market outlook for open.
I am predicting a huge sell based on past price action. Price has not been this high and rejected since '09, '15, '19, and now. Although there was a structure break of a daily resistance, I am looking for a rejection in a possible trend reversal area. I will wait until there is a break and retest of the major resistance to solidify a buy position. Otherwise, I am only seeking a sell position.
I am predicting a huge sell based on past price action. Price has not been this high and rejected since '09, '15, '19, and now. Although there was a structure break of a daily resistance, I am looking for a rejection in a possible trend reversal area. I will wait until there is a break and retest of the major resistance to solidify a buy position. Otherwise, I am only seeking a sell position.