Having taken out the prior week high already with an initial failure, it's hard to say where this goes. I see some thick support at 45/50, but if that doesn't hold, it could be pay day for @schizo on his short.
Bidding 51 trying to pick a bottom in this area. Fundamentally and technically, I see no reason we shouldn’t sell off lower, though. So I may easily be wrong here.
If I were to guess I'd say we open back inside yesterday's range (above 64.50). 63 being last week's close should hold some significance. Then it remains to be seen if yesterday's range holds for a move higher back up to 80 or if we drop on the Open back to the range low at 50 for either a full break lower or a second reversal up. From my POV another range bound day seems likely. I have no edge for predicting this day. Just trying to follow the moves to the best of my ability. A strong trend day higher seems less likely, but let's see how it turns out.
Dip buyers (me) getting creamed. Kudos to @schizo for his excellent short entry. Curious how this day plays out.
Need a move back inside yesterday's range for the bull case, IMO. Maybe a shake-out down to 50 first.
Tug of war here around 61/63. Key levels for the week. Looking better for the bull case now, but too early to celebrate.
Would assume 80 if we can start moving inside yesterday's range, but failed on the initial attempt. Looks like another range bound session.