The markets have accepted these lower levels for now and could consolidate to build energy for the next move, and this is happening inside a big balancing zone. the over night attempt higher was not that impressive but did print an accumulation from the bottom. If this current low breaks a fast move lower is likely.
I will be watching close for a red zone break but my trading until it does break will focus on trading the inside of this range.
I will be watching close for a red zone break but my trading until it does break will focus on trading the inside of this range.