A trader/commentator describes current liquidity patterns and market structure: liquidity was formed on a prior move, there is untapped liquidity above and below, and structurally the market is unchanged unless lower levels are lost. The speaker suggests a possible mitigation down to the 110 level over the weekend but sees no path to major structural breakdown.
We had liquidity that was formed here on that move. And we have liquidity coming back down. You can see that coming in there. It's coming in up here. So they're getting. They're getting them. They're going to get ready to get them on both sides. So let's keep our hats on. Nothing has structurally changed in the market that we haven't lost these levels right here. We have a generous amount of liquidity still sitting here untapped. We might mitigate. That's fine. We won't have any major structural problems until maybe if we come down here. I don't see a path to that yet. There's no liquidity to take us there. So if anything, over the weekend, we might mitigate this down to 110. If we hit 110, fine, no big deal. And then we'll start coming back. On the upside.
