Let's see if this one holds for the LOD. Targeting at least 3370, but hopefully a new HOD (uncertain of that today).
Now, we'll see if I'll regret not keeping my stop at 70 or not. I was in the red prior to that trade, so just wanted to bank a green day. My expectation is that we'll at least trade up to 3377. This could offer a pullback of sorts or a reversal. Or we'll pop right through and head towards 3400. Anyhow, we're closing in on a potential pullback zone.
Nice job. I'll go short if I get a signal. Decent chance we get a retest of 11504.50 at some point. Which may offer another long setup. Right now just waiting don't see a good edge either way at the moment.
Getting stopped out of that first long really threw me off, could of had the up move, risked some short than long again. But at least this long made up for the loss.
I still think price is going to struggle to sustain itself and we eventually lose this 11500-11520. But not going to short down here. so back to just waiting. Will look for potential short if we get back to 11540 ish area. Otherwise just going to wait to see how far it goes down if we do lose this zone and than look to take a long if get a signal.
Might still get that second leg down towards 3350. A 20 point swing in this market means nothing, so while we did put in a LOD - it might not be THE LOD. I still maintain the view that we bottomed out or are close to doing so with the potential of a strong swing higher above 3390 towards 3400 by the Close. But definitely not feeling very certain and the longer we stay below 3376 - it's increasingly less likely we'll see a strong move higher.