no hard stop for now, will exit when required. price is in very narrow range lot of work for short, bulls did land price above support when they took it up, so hopefully wont range for long.
Last week was an inside week, but still within recent weekly ranges (100 points). This week is so far also an inside week. Last week we got range expansion on Friday. Current weekly range is around 48 points. If we can extrapolate either way, that means we have potential of 2950 to the up side and 2800 to the down side. This week. Maybe we'll stay range bound for another week and see contracting weekly ranges for another week, but sooner or later we will see a move out of this range. I still favour down side... Daily chart:
exit 86.75 . looks like i will have to stay on the sidelines. will enter short again when get better concrete signals.
today i am getting messed up in all my entries as i am using the hourly chart to base my trades which is not working. exit 81.00 and that is it for the day.
Technically, another push higher before the close is the most likely pattern here, IMO. EDIT: 77,75 is R10. If we go that far down, it could be a sweet long entry.