Reversed off the 28th's Close for today's LOD. Would be odd if we don't print 82 on this leg up. Not sure what else, though. Gap fill above and beyond would make today an Outside Day. Maybe a deeper pullback before that 82 pop. I think my estimate of today being a churner / consolidation will prove correct either way.
I'm long from 72.50. Will stop out around 60 if wrong. Should get that 82 pop, but I may be a bit early. Will probably add one contract when we pop. I can feel myself getting greedy, but should probably be content with 82.
I feel safe and protected here. I don't think we'll see a close below 3750 today unless there's any news. May churn for a while before anything happens, though. But the market does want to go higher today.
Told you guys. That one was really easy. I might have trailed myself out too soon, though. Looks like we can run a bit further, but 82 was the safe one. Better safe than sorry. Stay safe, boys.
Not all the time, BUT, with the sentiment and seasonality as potential tailwinds, I have been for the past month or so -- got bullish a little too early trying to anticipate rather than let the market tell me what it's doing.
Target on that one? The market looks like it wants to go higher, but we're a bit overdone here. I wonder if there truly is any more upside potential than say 3805 today. Higher time frames looks ripe to break higher if we go above 3805, though.