Last week was back and forth with the Bulls coming out ahead in the end. It looks very good for the 200 day moving average to be tested early on this week.
Does this mean the Bulls will be back in force? Not quite. In order for the Bulls to resume control, the 200 day moving average needs to be breached.
Best scenario for Monday will be a gap down for a buying opportunity and then be watching closely if that 200 day MA is tested. There may be short term day-trade opportunities off of that bigger time frame moving average, so stay alert.
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