Well it is Friday. Not just any Friday. It is Friday the 13th.
Now the question the Jungle is quietly asking is what does that mean for the markets.
As of right now the Bulls are holding the line on the 1M Demand Range and they are attempting to work their way back into the Macro Range. It has been a long week. Bulls and Bears went head to head day after day and credit where it is due the Bulls did not fold. They absorbed pressure and stayed standing.
But today is the real test.
Does the symbolism of the day shake the Bulls confidence. Will the support be pulled from under them like a loose Jenga block. Or do the Bulls stay disciplined and prove that price does not care about superstition only structure and liquidity.
Then there is always the wildcard. Does Trump wake up and say something wild that sends the markets into a quick flush. Or does the market pump and turn the table around on the Bears.
Now that would be Bad News for the Bears but good news for those Hodling Bitty while everyone else is distracted by headlines and fear.
Instead of guessing let’s slow it down and zoom in. Let’s go to the 1W timeframe and see what is actually happening beneath the noise. Because the Jungle does not reward emotion. It rewards patience clarity and respect for the range.
