End of last week the market picked a side, and now looks like it wants to digest this new higher level so watch the blue boundaries. I have a 4287 upper balance target so there is a larger up side potential. Now these targets do not have to happen in a straight line so as I wait for that to play out some short trades may trigger. There is strong acceptance to...
Today has a defined range that my out look remains long bottoms and short tops until it clear out of the range.
Over night is all bullish so most likely we just keep testing the blue marked range. will not pick a bullish or bearish side till this range is broken. Little peaks above or below is not a broken range so trade with care on break outs.
We have the chop range with an up and down side target. After yesterday things got bullish, but now we see if things get sluggish. Will be looking to trade inside the blue lines unless a impulsive move happens that I can grab a reaction trade off of.
Today is simple, chop zone and upper and lower first targets. Overnight is not picking a predominate side as of the time of this post.
big balance zone developing acceptance in the 4140 area, looking for the blue lines to create boundaries for further direction. Inside this boundaries will be a very choppy day. 4130 overnight drop did fill in a area that needed resolution but will need to be test out 4136 in the regular session to be resolved. Will look to see if any impulsive moves or just more...
Overnight has continued the march higher pushed in the low volume over night session. thinking for a retrace of that range to then chop for the rest of the day, however look for impulsive moves that you can catch a trade off of. I will be leaning mostly long but from small entrancement levels. If we do move down the lower blue line is the area I think the down...
Yesterday was not balanced but did keep the higher priced acceptance. Over night proved this and is so far 100% long. 4132 looks to be the level it needs to hold to remain bullish. open impulsive move will be easiest play if no balance is found. Next idea is range trading between overnight high and 4130
Today we have acceptance of the higher levels, and this area looks to be being tested and traded out well. Will keep a eye on 4130 for support. Below this area trading out yesterdays range is possible.
Overnight is expanding range over yesterday's action. Yesterday had a high level acceptance Overnight is a new ATH. All this looks to be pointing to a move higher, and could come from a upthrust or a test of 4092
Overnight is mostly short but balancing in a range higher than prior days range. 4087 is an important area to watch to stay long or move back down into the chop zone below 4087 with acceptance will look for a 10 point move down.
balanced action with some softer action. The action is still in the top of the move so remains bullish but will be watching 4052 close, there is a very big gap below. The primary trade idea will be the inside of the 4052-4076 range
Overnight is 95% short however balancing in a smaller range Prior day high and overnight high is same numbers so watch that area for possible rejection. Will be one more time leaning to the inside trade until it impulsively breaks out and forms a distribution.
Thursday had a strong up move and kept going in the non regular session. This looks like higher price acceptance but sideways balance. will be looking to see if a revisit to the Thursday range, chop, or a break higher. The open will help me pick my side but will be watching close using the Friday and overnight range as my guard rails.
Overnight likes the higher prices and is double distribution long if we can clear over yesterdays high will look at 3995 as new target. a small break above 3984 that moves back down to 3960 is also a action will be looking for.
Today has a balanced small rang overnight session and will be using this range to see if a direction can be established for the day. It is a 18 point range so wide enough for some inside long and shorts. opening action will tell me a lot about how I will proceed. Will keep you posted.
Today looking at the range of 3931 to 3968. I will remain flexible and trade the inside of this range unless the market breaks out. Above looking at 3984 if move below will look for targets then. The 3960 area looks like the spot where the most action will happen if we go very choppy.
Looking for action at or near these lines until then today do not have much to say