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Back to Business – May 31, 2022

Market Outlook – Mixed as traders try to hold the levels off recent lows.

New levels are below –

Levels

What I see is the following –

Weekly
Daily
4hr

Note that in the images above, we see the tight moving averages in different formations – sloping up, sloping down, and extended but up (in the daily).

Volume profiles show the failed struggles to hold higher levels at 4170ish and here at the 4122 region we have another battle. Below that we see 4102.

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