Today was President’s Day and the markets were closed. So the price action was muted. The markets were slightly down and indicative of no direction:
The daily Ichimoku chart still continues to look weak, but we still hold the support at $4,000:
The weekly Ichimoku looks worse. We need a more convincing move to the upside. This is a pathetic move.
The forecast shows a bullish day tomorrow but investors are way too skittish about the FED so there is a good chance that we will end red tomorrow
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