I know what you”re thinking.
I know what you”re thinking. All of these dips to 2112 and recoveries back above 2118-2121 — Isn”t the rally effort expending all of its buying pressure to hold its ground, and won”t have any buying pressure left to actually rally? Well, to tell you the truth, I”ve kind of lost track myself. But, seeing as how these rally efforts are funded mostly by the FOMC, the most powerful central bank in the world and would blog short-sellers” heads clean off, you”ve gotta ask yourself one question… Which we discussed during the pre-market Tour linked here:
https://roddavid10.mitel-nhwc.com/join/shkvbzb
But, in a nutshell, the one question is whether 2118-2121 can be recovered through the open. There”s no bullish reason to revisit 2112. Either way, this being a Friday, the the morning”s bias can persist through the noon hour.
