Scenario #1: gap down to 6000 we see a bounce to 6034 and then dump back to 6000 again. 6000 fails and we move to 5980
Scenario #2: Gap down to 6000 we see a bounce to 6034 but can’t hold so we move back to 6020 and hold. We slowly creep up back to 6034 and end up closing near 6050. Dump due to CPI coming in hot, if markets can hold 6000 then it shows we are super resilient to any news.
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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.