Testing the prior breakout point here. Should normally get at least a test of the lows from here by the Close, i.e., 4450. Remains to be seen if we make new lows or not. Might be enough downside action for one day. The other scenario is that we'll rip from here back to mid range, but it seems less likely...
23 points off the LOD and back to mid range 4470. Let's see if that can elicit a reaction lower going into the Close.
Interesting 2 day pattern, here. Should normally breach last week's low by end of week, but might not be today. Looking to see if we'll trade back inside yesterday's range or not. Failure to do so can be a good short entry. Trading back in range I'm thinking back to mid range yesterday.
Fizzled out and failed to take back yesterday's range. Watching for new lows now. Maybe 4420 if the LOD breaks.
That's an initial FBO off the LOD. Slow pace with probing in both directions so far. If we get some continuation here, I would guess 4454 and possibly 4470. So far, it's a range bound session.
Booyah! Watching for 4470 now by the Close as long as we hold above 4440 or so, but preferrably the prior day low holds on this back-fill.
4464 looks good for a long. Or to be safe, use 4460.25 buy limit. Using the Sept contracts obviously. Put a stop around 56.5
I looked at both, that's why I specifically noted Sept, as I had to pick one or the other. The volumes are pretty much the same. %'s match, so whatever. Not sure which one's the participants on the thread are trading at this point. Bottom line, outside of the inevitable Sunday night mathematical "milking of the pajama traders" noise, the direction should be North.