Cable is rebounding strongly in early afternoon trade. Why? Because I think it’s going lower.
Cable will rip your face off each and every time…I hate cable.
1.4720 is a bit of a pivot now; that level provided support on the way down and capped rebounds earlier in the day. Look for stops now in the 1.4725/30 area.
Cable will probably trigger the stops and then promptly plunge…it’s just what it does.
It trades now at 1.4702.