sol Midday Thoughts
After a rebound last Friday, sol has also followed the market with a strong rebound, fluctuating upward. However, from a daily perspective, this rebound is hardly significant; it is merely a corrective rebound, and 143.5 remains a strong resistance level. The upward momentum accumulated earlier has been completely exhausted, and the bulls in the market are unable to mount an effective defense, with panic selling accelerating.
I personally suggest entering between 140-143.5, with targets looking down at 133 and 130. If it breaks down, watch for 125!
