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Downward Pressure Continues; Gap at $9,665 Likely Gets Filled.

Downward Pressure Continues; Gap at $9,665 Likely Gets Filled.

As pointed out in this publication; downward pressure will continue at least till mid September in my opinion. The Daily CME gap likely gets filled as well. If downward pressure were to continue beyond mid September, would this mean the price action falls well below the gap in similar fashion to March, 2020? No... We could easily continue sideways before finally seeing a reversal to sustained upward pressure. In the meantime, we MUST RESPECT the current downward pressure we are experiencing. I'm labeling this a "Short" position for the Near Term; NOT Short Term. Mid Term Time Frames are the Daily, 2-Day, 3-Day and 4-Day Time Frames.

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