The trend and bias are up this morning. Prices went into a range for the first 45 minutes after the regular session opening, but they appear to be pushing higher again now. Prices could be setting up a newer and flatter channel, or they could be topping out. It is difficult to know for sure at this point, but for now, I would still call the bias upward.
There is a large gap on the chart that prices may attempt to fill before the day is over, and if prices start trending lower, that target would be down at 5183.25. I would expect some mixed sideways trading today no matter how the day plays out, so be prepared for that and stay flexible.
Comments
dsyoung March 18, 2024 at
Very low volume today it seems. Thanks mack!