63.80 is my invalidation... I’m cautious with this one here. Bear argument is that possibly we are forming a running flat correction to complete overall abc retrace. Then again, how many computers have people and companies have to had buy to set up work from home... I know my work had to purchase a lot!
If we break 63.80 I’ll reassess but until then, with it in a big supply zone from before, I’ll watch for some price action and volume size tomorrow. If it rejects here, still think my downside count will be valid and this would be a good short entry. Again, will see what happens because markets change and my view could very well change to upside. Tonight, however, I’m to downside if we reject.
If we break 63.80 I’ll reassess but until then, with it in a big supply zone from before, I’ll watch for some price action and volume size tomorrow. If it rejects here, still think my downside count will be valid and this would be a good short entry. Again, will see what happens because markets change and my view could very well change to upside. Tonight, however, I’m to downside if we reject.