Upside Long target is 4494.50-95... Anticipating 4495-4500 sell zone kiss/ spike ... sell limits set right there in 5 handle window... 12 handle stop from 4500....
& there`s my move that I was expecting..... SOB 3 o`Clock drop right on cue... Just couldn`t get that desired spike to 94.50... would have jumped it prematurely with a sell bar set up.... didn`t happen!
Today was first decent day for bulls. I took mainly longs, had one of my best days ever(still not big compared to what most of you guys do) but none the less for me good progress as I work on turning the corner in trading. This move isn't overbought yet from a Daily perspective and momentum is almost inside the threshold, where we typically get stronger movement. I have a more neutral standpoint here still. Just going to take it day by day and take setups as they come(long or short). Overall though, generally speaking we would attempt to work our way back up to 15605-15987 zone on NQ(the origination of the break down from my point of view). So, that is my macro view as of today.
07 was actually a double confirm sell at eh 50% fib from the big move off top … with a TL kiss from under…. Flat & ND nothin done on the day! Observation day