Keep an eye on the 98.60 level as we’re back here again following yesterday’s fairly impressive bounce from it. I don’t like it when markets come back to a strong level so quickly. It usually means big trouble for the level.
Update: And thar she blows. Level gone, stops hit and a new low at 98.53 made. Let’s see if we get any follow through. The 200 h4 ma is holding for now at bang on 98.53, but it’s all light and fluffy in tech world until 98.14/23.
Update 2: Looks like the tech and bids at 98.50 are winning out for the moment
