The market is still trying to establish a direction. It is still at a crossroad that it can push toward the upside, or it can easily retreat from current resistance and move back to test recent support level. Until the market has
decide which way it wants to move, being cautious and defensive would still be a prudent position.
Here is a look at the price levels the market needs to hold and reclaim to give us a hint on which direction it might take.
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