June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.
“'Simon, Simon, behold! Satan has demanded permission to have all of you, to sift you like wheat. But I have prayed for you, that your faith may not fail. And once you have returned, you must strengthen your brothers.' And Simon said, 'Lord, I am ready to go with you, to prison and death.' Jesus answered, 'Before the cock crows, you will deny three times that you even know me.'" Luke 22:31-34
June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.