Post
Topic
Board Speculation
Re: Are we at the first sell off point now?.
by
jackg
on 14/09/2020, 01:36:33 UTC

Recent high is top of the range since we corrected downwards, I would still say this isnt especially negative at present and could just represent profit taking.   Trade above 10400 would be a near term positive but more important is to maintain this recent low which is weekly average and we've been positive since Friday while achieving this level as a low or support.   If we can hold below 10200 then we might get a larger move actually worth trading, its just a bit flat at the moment and I'd guess not the best place to put on risk and walk away.

Imo, this is either a "Bart" fakeout or we're going further down...

I'm not certain but I think we're in for at least filling the cme gap and potentially going further to the 8.8k regions.