If we look to the daily chart this morning, you can see that prices did indeed bounce off of the lows of the recent range, so prices very well may continue sideways in the bigger picture. The day is still early, so things could change at any time, and we could end up going lower, but for now, the trend is up to sideways.
Note that there is a gap up again this morning, and if prices attempt to fill that gap, that target is down near the lows at 7483.25. If prices break lower out of the tighter range and start trending lower, that would be my first target.
If the small range on the daily chart is still in play, prices are probably headed higher, but do not just assume that. Let the market confirm it and show you what it intends to do.
Note that the chart lesson for yesterday failed to upload and I did not realize it until this morning when someone asked about it, so I uploaded it again and it is there now for anyone that wants to view and study it. I am busier than ever at the moment, so finding it difficult to have enough hours in the day to get everything done right now. I have a lot of new ideas for the website and plan to completely revamp it before the end of the year. I think they will be good changes and they will benefit each of you.
Stay disciplined and follow the price action!
