Morning Ideas December 3, 2019
Took the elevator down overnight.
Very good example of what happens when the move is overextended. We get a snapback to flush some of the weak hands out of the market.
I will be watching this level with great interest 3080ish. If we accept prices below it, I think we will visit 3040 area soon.
I would expect to see the buyers try to push it in the meantime back towards 3100, and will be looking to get long with a close eye on this today.
Very good example of what happens when the move is overextended. We get a snapback to flush some of the weak hands out of the market.
I will be watching this level with great interest 3080ish. If we accept prices below it, I think we will visit 3040 area soon.
I would expect to see the buyers try to push it in the meantime back towards 3100, and will be looking to get long with a close eye on this today.
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