Loading ...Sorry but there is no support in pm’s – only resistance. Resistance always holds, support never does.
The other rule of the pm manipulators is that once the pm complex starts to move higher and then stalls, it will always go down and re-trace the move.
This is a typical pm move. A few weeks up in December, followed by flat to down in January, followed by an inevitable correction. Wash, rinse, repeat.
Really disappointing, I was hoping we’d rally at least until the end of January.
It just never ends…