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4.16 Market Review
Silk Road gives an early indication
The bulls have shown some recovery but have not broken through previous resistance, remaining in a range-bound phase
Focus on 65,000-66,000 resistance above
Focus on 64,000-63,000 support below
Actual Market Conditions
The first wave declined from 75,232 under pressure to 74,226, a 1,006-point range
The second wave stabilized and rose from 74,226 to 74,981, a 755-point range
The third wave declined from 74,981 under pressure to 73,256, a 1,725-point range
The fourth wave stabilized and rose from 73,256 to 74,901, a 1,645-point range
The fifth wave declined from 74,901 under pressure to 73,873, a 1,028-point range
The sixth wave stabilized and rose from 73,873 to 75,500, a 1,627-point range
Silk Road is early and clear, levels are precise and accurate, market movements are distinct and coordinated.
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