Good morning traders,
Yesterday played out pretty well, eventhough it looked like it was going to get ugly around 3pm eastern.
We rallied into the close and have continued that rally overnight.
With that said, I don't see any real reason to get excited about the longs here, yet. From here, I think it's more of a toss-up on immediate direction, but the longer term trend is definitely still down, IMO.
Yesterday played out pretty well, eventhough it looked like it was going to get ugly around 3pm eastern.
We rallied into the close and have continued that rally overnight.
With that said, I don't see any real reason to get excited about the longs here, yet. From here, I think it's more of a toss-up on immediate direction, but the longer term trend is definitely still down, IMO.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.