As prices closed the day above 1408.50, I expect a positive closing today. Bulls need to challenge the target 1414.60-1416.20 before the next one at 1420.60-1423.40.
The bearish scenario would target 1403.00-1405.59 before the next low.
8.29.2012
Another range day?
Prices were sandwiched yesterday in the zone and whipsawed (volatile) between green and red areas as I anticipated.
As prices closed the day above 1408.50, I expect a positive closing today. Bulls need to challenge the target 1414.60-1416.20 before the next one at 1420.60-1423.40.
The bearish scenario would target 1403.00-1405.59 before the next low.
As prices closed the day above 1408.50, I expect a positive closing today. Bulls need to challenge the target 1414.60-1416.20 before the next one at 1420.60-1423.40.
The bearish scenario would target 1403.00-1405.59 before the next low.
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