Intresting that this new trading range has stopped the market dead in it's tracks so far. There are 89 1/2 hr time slots used since we broke higher from the previous trading bracket , of those 89.. ( 44 or 50%) have traded at the value price 4535 which is just above the 50% retrace level( 4528) for the whole rally.IN the previous trading bracket there where 277 1/2 hr bars and only 48 of those or 17% traded at the control price which was higher on the re-trace scale at the 23% re trace level.
SO it's obvious the market has paused ,the current trading is between 4548 and 4520, under 4505 and where back in the old trading range with the value price down at 4467 ..it must get above 4550 to continue higher .AS fair a I can tell buyers and sellers are about even here , there is no imbalance , so there's not much to trade.
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