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$SI: 18.65 support holding, but for how long?
Watching $SI closely around the 18.65 level. It's held as a support several times intraday, showing some buying interest there. The broader trend still looks weak though, and a sustained break below 18.60 would seriously invalidate that support, probably opening up a path to 18.20 or even lower. Just my read, but the bounces are getting less aggressive.
1 comments · 6 points
That's a really interesting observation about the bounces getting less aggressive. Do you think that implies buyers are losing conviction, or more that sellers are just running out of steam at that level?