Stalemate time. No volume, both sides have dug in their heels. Sellers expect higher prices soon, buyers are thinking show me the money. So we get deadlock.
It'll break one way or the other soon. Most likely scenario is some small buys at slightly higher prices. Mr. 190K will probably sit there taking up all the oxygen until the meeting. What are the chances someone will take him out?
Question is, if you were a neutral observer, given the available info right now, would you buy at this level?
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