Went back up, though. Another range bound day is likely. Major upside target tagged. Minor downside target tagged. Odds seems to favour some weakness, though. Meaning that a move down to 80 or even 70 shouldn't surprise anyone. No strong opinion/read on my end, but the higher time frames look strong at the moment. Best to press your luck when everything lines up, so taking an early weekend here.
The market is likely to “crash” next week when JP opens his mouth again Wednesday. I am thinking 100 points swing. But I put a sell order for March contract at 4715, hope to get filled Sunday night. If not , I will sit on it.
Too be honest, I don't like too think that way, this steers us towards a bias, so I take each day as a new day and follow momentum up and down, ultimately one has to have points of interest like possible swing levels, at these levels I watch how the 1mn volume and bar closes are reacting to the level, eyes only and mentally neutral,