Those holding long positions should pay attention
If the FOMC meeting at 2 AM on Thursday indicates a hawkish or dovish stance
Then it is very natural for this range to complete its construction and break through or break down
After all, whether it is upward or continuing
The liquidity in the futures market is somewhat insufficient, and the short liquidity above is more of a name than reality
Most short positions may have been closed before noon
While the new liquidity for long positions below is quite limited, not to mention there are three obvious gaps...
Therefore, letting the price oscillate for another 2 days to continue accumulating futures liquidity, and additionally leaving the range, ensures that some upward or downward movement can be sustained
The current situation actually does not allow me to confidently turn bearish; I always feel that the oscillation here will last longer than expected.
