Morning Ideas May 6, 2022

39
Good morning traders,

Starting to build out a new "balance" below our previous one. This is good news for the sellers.

The good news for the buyers is we are at the lows of that "balance."

I think this will create a sort of tug of war down here around 4100 today, and I can see this market whipping both ways, and end up going nowhere.

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.