Today’s EU meeting is sort of like being out of credit (local) and calling up an out of town bookie
Out of tune; but I can’t figure out which note is missing; for example we should have bounced at 1220.75/1221.75; or headed down to 1212.50; we did neither.
The bigger picture:
The decline still hasn’t reached the immediate term OAV (BB) at 1214.50; therefore its still quite bullish
Never the less until we reach the compression detachment at 1243.50 we don’t know that much.
I was looking for a pullback at 1240.50/75; but the closer we near the close the less accurate these reversal/pullback patterns are.