- 1672 important support line being tested.
- From weekly chart, this is trapped between 1526 and 1795. Current leg down will gain traction if we close this week below 1672 (now 1669).
- Very crowded long trade (eg see this). Telling that even QE4 of no help.
- Never did buy into all the 2500-10000 talk. All rubbish!
- Maxim here is : Range trading market = AVOID!
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