Today may be a consolidation day with limited upside, though. Probably bound by the upper half of yesterday's range if we get a dip.
taht's kind of my ideal play. I want a dip into yesterdays range somewhere to try to get in 'early' to catch a move for an inevitable breakout. We'll see
Taking the early long here at 67.50 with a stop at 65 as I suspect I may be early. Will be happy if I get 75.
There are a lot of potential news catalysts today starting with ADP employment change at 8:15 Eastern and ending with the FOMC minutes at 2PM Eastern to create some movement. 8:30, 9:45, and 10:00 AM Eastern are also bringing the news.
Yes. Could give us a good dip. Or just a relentless rip. 66 is around where I'd think this could reverse if it's just a weak dip. Maybe a drop to the bottom of the range if not.
Yes, señor. If I can get 75 on this trade I'm done for today. If I'm stopped, I'll see if I'm able to recover with a small green day. Not expecting much today. Could even be a slightly red day.
Fairly neutral reaction on the 08:15 news, but currently in pullback mode. 60 feels like a gift if we get that. Waiting for that area to try another long (but no wide stops for sure).