I think I would go short tonight tbh. I'm almost afraid to say it for fear of being wrong, but I'd say right here.... 4012.25 Well, be careful, but I think we're heading south again. Maybe set a limit entry at 4018 with a stop pretty close above, just to be safe if you don't feel bold.
We got past the 8PM open and it is heading north. 9PM and 10 PM coming, I see no reason for lack of follow-through. We gots Y/Y Euro CPI incoming at 5AM ET which is predicted to be hotter than last print, so who knows.
next 24 Long Exit Price ...............: 4046.50 Long Entry Buy Stop ....: 4028.25 Long Entry StopLoss ....: 4009.75 Short Entry StopLoss ...: 4010.25 Short Entry Sell Stop ....: 3991.75 Short Exit Price ...............: 3973.50
We've passed the 9PM mark, no real movement. Last one is 10PM. After that mark with no movement? Drifting into the Eurotrash starting at 2AM. And then our own trash of unemployment numbers and preliminary GDP at 8:30AM. Blah!
Hmmm, I say hold off on shorting until we reach 4050-ish. And even then we might continue higher. So don't short it, at all.
Wow. That's coming from you. Certainly gives it weight. Ok, definitely noted. Edit: Again.... that was a pure overnight call on my part. Very short term. Edit 2... Gotta be honest here... I lied in the above (in edit #1)... it did include thru Friday in my eyes. That said... huge weight since you chimed in. Hmmmm.
If we don't want to short it until it reaches 4050, then why are we not longing it right now at 4015 and setting PT at 4050? Baffling.