Referring to my last weekend analysis, we saw higher prices as anticipated. I'm still looking at the higher prices this week, but we might see a brief retracement to areas of 4308.50 level, which would correspond with filling in the gap on VIX that was created Wednesday-Thursday last week. If we see the support there, I'll be looking for long entries to target the Gap at 4430 level. An alternative scenario would price progressing to the upside from the filled gap during the Asian session and targeting the 4430 level. We'll see how it plays out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.