For dear life.
It broke through this trendline on the 45 minute chart and then stick saved it back above.
This is important as it is a line that was built up as a support line from the January 24 lows.
It is very important for bulls to keep this up and not break to the downside. It is equally important to not test this trendline too much, because the more that it tests it, the more likely it is to break. Also the more that it tests, the stronger the reaction.
Next week very important as it is OPEX week. The OPEX week and the week after are vulnerable times in the market as liquidity is not as present than in previous days of the month.
Be on the lookout.
Be nimble.
It broke through this trendline on the 45 minute chart and then stick saved it back above.
This is important as it is a line that was built up as a support line from the January 24 lows.
It is very important for bulls to keep this up and not break to the downside. It is equally important to not test this trendline too much, because the more that it tests it, the more likely it is to break. Also the more that it tests, the stronger the reaction.
Next week very important as it is OPEX week. The OPEX week and the week after are vulnerable times in the market as liquidity is not as present than in previous days of the month.
Be on the lookout.
Be nimble.