Note the light blue line at 1623.75, that is the origination of the big 06/29 long liquidation. I expect a test of this level soon, if not this week.
We traded up to this key level in globex while celebrating our country’s independence. Now all we have to do is hold this level while the cavemen in Africa volley motor shells and Molotov cocktails at one another.
Gentlemen, be patient, let the trading day progress, and above all, keep this level in the front of your mind for it is a launch pad. Lets see which side we close on. Godspeed America, god damned speed.If you enjoy the content at iBankCoin, please follow us on Twitter