60 minute chart found support at the moving average and price has drifted up with the average. Note the lower band at 1465 aligns with the 120 minute moving average? A second leg down is the normal expectation with this pattern. Friday is a game day with the old JOBS report drama before the open and there is no way to reliably predict what the market will do off a jobs report. A drop all the way to the 120 minute lower band would be the surprise for Friday.
No comments:
Post a Comment