Watching as trading resumes in full swing on Monday. We had a 30 point sell off down to 1078 area after the 1108.75 close on Wed. Prices have now made headway back to the 1094.00 level of resistance and we will have to see come open Monday morning where we are sitting.
Watching for prices to have a possible retest of the 1110.00 area on the upside where we are waiting to see if the buyers will move through resistance. On the low side we could see prices resume the sell where we are looking at support in the 1080 and 1068.50 levels. If we can make it through these levels we could be looking at a new trend in the longer term charts.
Of coarse there is only one way to find out. See you at the starting line!!
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