We definitely have a strong BULLISH power right now. After last post, we did happen to get a move back up past the Resistance i had marked at 32.3K. However, I do believe that this move is just a breather for this Strong BEARISH move we're about to start seeing now, along with a Recession definitely being soon to come!
And as far as a price area to start this reversal, I'm seeing a possible RESISTANCE at the 32.8-32.9K Area. Depending on how price acts here, I do believe this could possibly be the start to seeing RED markets again. Especially for the Month of August to be opening up on Monday, My Weekly & Daily Stochastic indicators are both telling me price is being Over-Bought. This is just my personal opinion, Trade Safely!
CURRENCYCOM:US30
And as far as a price area to start this reversal, I'm seeing a possible RESISTANCE at the 32.8-32.9K Area. Depending on how price acts here, I do believe this could possibly be the start to seeing RED markets again. Especially for the Month of August to be opening up on Monday, My Weekly & Daily Stochastic indicators are both telling me price is being Over-Bought. This is just my personal opinion, Trade Safely!
CURRENCYCOM:US30