Another test and hold on the 0.38 Fib today at 18315.
Managed to finish the day down -0.5% but it is another day holding above this level and the 50 and 200 Day MA's.
I suspect the flat day is down to waiting on how the US market will start the week in anticipation for the CPI print this Weds.
There are a number of economic announcements this week too, so I added yesterday under the $QQQ chart that we must anticipate some volatility but not to get triggered by it, as long as the structures stay in place
Market makers really try to squeeze %'s when there is unknowns in the market, by doing nothing, you are not playing the game.
Gareth Neary
2024-06-10 10:45:36 +0000 UTChhtrade
2024-06-10 10:44:44 +0000 UTC