Pain and blood this week as we saw the bears step in for what could be the beginning of another impulse leg to the downside. For the 4th time this year, price has respected the descending channel and formed a new lower high around 4100 last week. All eyes and ears are on the CPI and Fed statement this week which will be critical in determining price movement into the new year and beyond.
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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.