Market View 20230711

So we have one gap fill completed, now there's a larger one below. Actually there are quite a few below. Only when we fill these, can we expect to see a move higher - typically.

Having patience is one thing, taking action is another thing.

937AM

We have two levels to keep an eye on, 45000 <> 44900. This is a very tight range, but if we do see a break out or break down from this range, the direction will be set.

230PM

Well, looks like the market isn't going up, or maybe it's just normal volatility. My bias is to the downside still.

And so, we're still trending down... albeit slowly. Here's how the day ended:

The grey/red bar at the bottom is an indication of the downward momentum. Expecting tomorrow, Wednesday to be a down day.