Today was the first time in a while that I consulted the NYSE TICK. In situations where price is in a tight range and a breakout to either side is likely, the NYSE TICK may give some clues as to where price may break out. When price was making higher lows and the NYSE TICK MA was ticking higher with few readings below zero, I had a bullish bias for the breakout.
Price currently finding support @ 1295. Tagging 1300 looks very probable now, but it`s lunch hour so I`m sitting on my hands. A bracket order with buy @ 1298 and sell @ 1294 could be an option, but I like to manage my trades myself and will be away from the computer for a while now. 1300 first upside target. A reversion to 1290 if we go below 1295 again.