We need the Big Dog to move away from this low with some velocity in the near term. Yes, we've established a strong level of support; all the more troubling should we break it. If we do... likely target for next support is down to $3,860. I'm long but stops are being inched up... I'll feel much better about a new high this month when we're back above $4,500.
Tip for the day; never trade without protection...
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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.