3652,50 is last week's RTH POC for those who are into that stuff. Also lines up with today's mid-point. So, pulling back there should provide some support. 3674 is last week's RTH mid-point and that's about where we reversed now. So, coiled between those two levels for now as I see it. There's an upside bias for the day from my POV, so I'm just looking at this as a shallow pullback for now and not a reversal.
Buckle up, boys. Even a 100 point day is less than 3 % up on the day. And that ain't nothing special in this environment. Need a good pop above 80 to feel confident in the bull thesis for the day, but it if it looks like a duck...?
Short term demand zone at 63. Let's see where they close this at the half hour mark. Putting up some nasty tails on higher time frames now, so this is far from certain to the upside.
Bull flag / channel here. Trying to break out now any minute. I think Powell wants 3715 today. Maybe as much as 3730.
Let's see if we can get those 100 points you mentioned earlier, seems very possible from here. I went long again but since i didn't mention it on entry i probably shouldn't say that since some posters here will make a smart ass comment about it.
I wouldn't worry about it. I'm a late long here as I was at my soul sucking day job on today's Open and watched helplessly. 3685 is the typical minimum target on a day like this, so with that out of the way now this requires some caution. Maybe a weak pullback to 80. If we take out the HOD again I will probably just lock in 20 and let it run. Otherwise going to take at least 10 from this trade.