Now that we are above resistance, are we now about to conceptualization previous resistance as support? It's hard to say given the crazy amount of volatility around Brexit which will be coming if Parliament fails to pass legislation, or if US-China trade war is still on which is trending back in that direction, or if the Fed realizes that they want to actually cut rates towards the end of 2019 given the speed in which they transformed from hawks to doves. Long story short-->price levels to me are still uncomfortably high. I don't think the sky will fall tomorrow, but I'm keeping a close eye on the aforementioned global themes which move markets the most.
If you find this analysis helpful, then please look at the rest of my work at anthonylaurence.wordpress.com
If you find this analysis helpful, then please look at the rest of my work at anthonylaurence.wordpress.com
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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.