Monday, August 6, 2018

August 6, 2018

I believe we are in for a little more of the same. Personally I am expecting a high today then retreat into mid week. I don't have a downside target for how deep but think we will get a decline, bounce a bit then decline again into Friday. Whether this is just a retests or deeper I haven't a clue. I think they will do their best to keep this propped up into the week of Opex and a bit the following week before anything steeper starts. It just fits the cycle. I also think we can get another RYFO near the end of this week or a week from today into next Monday.
The game must go on....
Retest or a little higher today (the 6th) then down I believe.

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