Hey traders, how did you do this week?
It was pretty slow wasnt it?
At least, that’s what I thought.
But that’s not a bad thing… maybe that’s the calm before the storm?
There might be a plenty of fundamental reasons of why the market behaved like that, but I got a technical reason, and I think it’s pretty strong one.
You see, every time the market trades around an important long term level, there is a fierce battle between buyers and sellers.