Good morning traders...
I don't really know what to make of this if I'm honest. I think the 5 minute video is worth a watch because it would be too nuanced to type it all out in a write up.
I don't like chasing breakouts, especially with resistance (or support) right above (or below), so I'm going to be neutral here.
One thing to remember that I didn't touch on in the video is that today is day 2 of the Jackson Hole Symposium, and also Powell (FED chair) is speaking today. This can cause more whippy action, like we saw yesterday during day 1 of the Symposium.
I'm going to tread lightly here.
I don't really know what to make of this if I'm honest. I think the 5 minute video is worth a watch because it would be too nuanced to type it all out in a write up.
I don't like chasing breakouts, especially with resistance (or support) right above (or below), so I'm going to be neutral here.
One thing to remember that I didn't touch on in the video is that today is day 2 of the Jackson Hole Symposium, and also Powell (FED chair) is speaking today. This can cause more whippy action, like we saw yesterday during day 1 of the Symposium.
I'm going to tread lightly here.