Good weekend partner and fellow P6 Pacers,
The Pcomp has failed to break the 6600 resistance level on its first attempt.
Looks like the 6300 support level defined by the 200 day moving average will be tested again.
Some might take this as a negative, but 6300 might be a good entry level with a good risk to reward ratio.
One can enter at levels near 6300 and have a potential upside of 6600
Cut loss point will be around the 6250 level.
300 points gain versus a 50 to 100 point cut loss seems like a good bet to me
Keep your trading rules Rigid
and your expectations Flexible
Good Luck ! :)
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