Just got back and really glad to see some momentum in this overheated market...and besides, some nice profits here on the downside.
However, in my opinion, the uptrend is still intact. Until I see a clear break below 239.60, I still see the current move as a retracement. Besides, UY and EU are still holding above strong levels, so it would be interesting to see which drags each..EU drags GU back up or opposite? GU has strong support at 1.9700-1.9650. I guess to see a real downtrend unfolding in GY, we should see GU below 1.9650 and UY below 120.80...
However, in my opinion, the uptrend is still intact. Until I see a clear break below 239.60, I still see the current move as a retracement. Besides, UY and EU are still holding above strong levels, so it would be interesting to see which drags each..EU drags GU back up or opposite? GU has strong support at 1.9700-1.9650. I guess to see a real downtrend unfolding in GY, we should see GU below 1.9650 and UY below 120.80...
We leave no soldier behind.