Pre-open Thursday 30th July
The HiLo range for this week so far is about half the 20wk average so the range is likely to expand. With Thursday hitting a new high for the week pre-open it looks like the direction of that expansion will most likely be higher
Considering that we’re still looking for a significant response from the Sellers after sixteen days and with Buyers in control you have to favour the Bulls.
First Level S/R today is at 978. If that holds in the early part of the session then a move above 990 should be expected.
