Bears are losing the attempt to play the downtrend and instead turning resistance areas into support,the channel has not broken and support still stands 10.6,10k.The accumulation over the past 3 months is setting up for a huge ending quarter for the market in my personal opinion.
I think this test of resistance may be the right amount of pressure at exactly the right time for the bulls to break through.
Weekly: Very short term bearish.10.7k-10.4k
Monthly: Bullish trend occurring with increasing levels of volatility for Big 15 swaps.
I think this test of resistance may be the right amount of pressure at exactly the right time for the bulls to break through.
Weekly: Very short term bearish.10.7k-10.4k
Monthly: Bullish trend occurring with increasing levels of volatility for Big 15 swaps.