Replies to post #86510 on ajtj99's Market Pulse

[Gizmo]

It's about support and resistance, and price is seeking support.

Maybe not yet. The past two weeks it seems price is seeking it's inflection point. Fri. may have been it or it could be retested over the next 2-3 trading days IMO.

On another subject. The Fed on Tues. is likely to be a no win situation for the Bulls. They've mostly taken or will take long positions ahead of the news and nervous bears will be out.

Only thing left is to sell the news.