Very strong finish this week, but I'm leaning toward the bearish outlook below 2980. Running into the 200ma on the Daily, and the 20ma on the weekly. I expect a below the level we broke into the week's close. Then I will take a short off a retest of that level.
Note
Reread this. I missed a word in there. "Break" as in: "I expect a break below the level" - the level I was referring to is about 2952. Will be shoring a a break and retest there.
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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.