11/11/2023
The downtrend remains evident. We find ourselves perched at a critical supply level, which has historically served as both a support and resistance area.
Notably, last week's move covered an impressive 1,700-point range. As highlighted in our recent IG video, we are keenly interested in exploring short positions, not only for potential corrective maneuvers but also in anticipation of a sustained continuation of the prevailing trend.
Really hoping to see some downside potential here, the US open was interesting with a spike upside, strong bearish close, but we sit fairly flat for the day as it stands.
