Bit of a tricky spot, but I'm long from here (92). Will bail at 82. Uncertain on target. EDIT: Adjusted that stop to 79 as 82 is inside this supply zone. Let's see if I regret that.
Initial target would be a move to 3700. If we fail to get through there, probably just stopping out B/E. If we can get any traction above that - maybe one can get greedy. IMO, we're at a pivotal point now determining how this week will play out, i.e., continuation higher after a very good start for the bulls or a complete reversal back inside last week's range.
Hungry dip buyers lurking down here, but no reversal yet. @formikatrading and @Master Pu doing their best to hold this up?
I have a short attention span. 3650 would be the initial leg down if lower. No need to think beyond that for me. What happened to your long play off the weekly open? Did you cash out at the top? That said, I hope you're wrong obviously as I'm a long in drawdown here.
@formikatrading and @Master Pu showed up at the demand zone to improve their average. Let's see if they have the strength to reverse this. I sure hope so.
Long tails left and right. Late shorts and early bottom pickers equally hurting here. It's a short term bottom for now, though.