Post
BenITC
Midterm elections (starting November 3) are not presidential turnover
Friday's major non-farm payrolls (impacting December rate hike expectations)
This wave is just an oversold correction rebound after the big drop
It's not a trend reversal, long positions cannot get complacent
Wait for another bullish move before getting complacent again
End determination:
• Short-term resistance: $3980-3990
• Mid-term watershed: Effective hold above $4200-4220 to confirm the downtrend has ended.
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