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Metastock Trade Update – Jul 24, 2019


Our candles on the daily still show the short action engaging off the resistance area now near 3022 but we have stopped out of the trade . The first target near 2997 was the first target showing as support. But this is a squeeze in the chart behavior for sure.

There is a likelihood of more upside here as the chart could rise into Fibonacci extension of 3034 – 3042 before fading so the trade short is now put to the side as we move up again. Now 3006 becomes support.

The buy zone from Jun 10 still holds traders long for now with time to take some profits here at the 3020 level.

We continue to track these signals here