New traps- new lows, new hopes- new fails!

All is rosy in our garden on Friday, we appreciate a strong support at $10.8K but as it used to be the case in either market - sooner or later a strong support happily transforms into a strong resistance. We can not safely say whether it will happen with $10.8K today, over the week-end or next week, however, what we can firmly say is that the bulls will give up quite soon. And perhaps they don't have the time to somehow regroup and come back stronger: they left too much locked above $12.1K the day before and recently the same fail already above $11.7K. Enjoy selling bullish attempts to feel relieved and a coming week-end as well!

Kerstin Ohlsson
Xena Exchange Swinger


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