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$CLO making a move, but is it the real one? 🤔
Pretty clean push off the lows from earlier this morning. The 0.253-ish area held up as a solid support and the buying volume is clearly picking up now.
We're hitting resistance right around the $0.2800 mark. Look at that tight candle formation there.
If we punch through $0.2801 and hold it, I'm expecting a quick run to test the recent 24h high near $0.2867. Need to see the bulls commit, though. This is a crucial flip zone.
Eyes glued to the order book here for confirmation.
#CLO #DecemberRateCutForecast