With momentum still looking bleak, I'm wondering if today's push up from the lower open is a wealth transfer of sorts or to hunt the stops.
Whatever it is, the PPMs still look bleak and the SMAs agree. There are also new downside fib targets that are on their second trading session. While I don't expect a big dip, it's hard to be bullish either.
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.