As I mentioned in the yesterday’s post the buyers might be active ahead of the support. It happened overnight and by the day time session opening the market was already stretched to upside.
At this point the market is grinding up to the next resistance and the last week highs retest is on the way. The momentum indicators are showing negative divergence though. But better to wait for price confirmation before shorting.
8/21/2019
At this point the market is grinding up to the next resistance and the last week highs retest is on the way. The momentum indicators are showing negative divergence though. But better to wait for price confirmation before shorting.
8/21/2019
