INto the 78's maybe i will get to close this SCO position tomorrow as planned. The market has the overall stench of a major selloff. Thats right.
I can't comment on that since I don't use any squigglies. But I'm largely uncommitted to either direction unless one of the two things happen. A breakdown below yesterday low would trigger the short order and a breakout above yesterday's high would kick in the long order. Having said that, I do think we'll get a slight run up from here, however brief.
The support is something different every day, could have been a combination of the 2. Im playing short for Fri and part of next week. Then looking to go long later next week. I try to keep it light on contract expiration week though. You have the better approach though. No bias.
She's having hard time getting off her ass, but I'm hopeful that we'll test 79. There's this trendline right above her head. Once that is shattered, the coast should be clear.