Now all out at 56 or 61.75 whichever first ... but probably won't risk the whole 3 points back to 56 for the sake of 2.75 to 61.75 ... watching T&S
Very significant battle going on up here... the breakout on this wedge will provide us with a 350 Handle Spooz move & 3500 Dow Point move North or South .... so this break will dictate the remainder of the year & possibly longer...... I have a theory on how we play out as there is serious Scarole to be made here on this impending move!
We may end up having a cash gap today at 2647. We'll see when we close. I would have liked to have seen us trade down a bit before this rally but it is what it is. We have a gap above us to fill at 2703 and so I am fine if we fill that one . Short term and Long term trends remain up and a trendline can now be drawn from the low of April 2 and the low of April 25. I would expect support along this line and I would expect some slight resistance at the downtrend line of the funnel. That line right now equates to mid 90s.