Good morning traders,
We finally broke through and stayed through the 4320 area. This leaves us in the upper part of the thick profile, with the top of the distribution being around 4425.
I would expect the market to chop in this area, but get some temporary support in the 4360 area this morning on any kind of dip.
It was a pretty muted trade overnight, and with FOMC behind us, I think it's going to take a news event to have another wild day today. I'm looking for today to be more chop and drift (higher)
We finally broke through and stayed through the 4320 area. This leaves us in the upper part of the thick profile, with the top of the distribution being around 4425.
I would expect the market to chop in this area, but get some temporary support in the 4360 area this morning on any kind of dip.
It was a pretty muted trade overnight, and with FOMC behind us, I think it's going to take a news event to have another wild day today. I'm looking for today to be more chop and drift (higher)
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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.