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Market Analysis Today
The 1-hour Bollinger middle band is acting as resistance. Bullish momentum tested the 3000 resistance twice. Last night, it repeatedly tested the supports at 2980, 2970, and 2960. The 4-hour middle band support was not broken, and the daily closing indicates that bullish momentum remains around the middle band. Today, the focus is on buying on dips; the market above 2940 is mainly long positions.
Long positions around 2940-2950 are closed near the first take-profit level at approximately 3000, with a breakout aiming for 3100.