Below Overhead Supply
June 16, 2022
Classic Polarity Principles have taught us that former support tends to turn into resistance.
This is what we're seeing in this chart above.
So either the buyers will show up at lower prices, down near 3400, or the buyers will absorb that overhead supply and get back above 4100-4150.
I'm good with either. We have to be open to all possibilities.
Let's discuss this on Monday night. I'll be hosting our Live Mid-Month Conference Call.
We have a lot to talk about. Premium Members can register for that on this page.
JC