Last week the market drifted to a new ATH. It was kinda a sneaky move with low odds considering a lack of volume. One would expect a stronger breakout coming from a multi day consolidation area. Well, larger patterns take time to unfold. From the market structure perspective, which is the only objective way for me to trade, no changes in the sentiment. There is no noticeable commitment by either side though. A monthly R1(15250) is a potential target for the buy side. The monthly pivot is a potential target for the sell side.
The next week is a CPI report. It may attract participation.
08/08/2021
The next week is a CPI report. It may attract participation.
08/08/2021
