This is going to move sideways today. MM will manipulate to where they want it. So I rarely trade on Fridays.
Price may soon scare SS team if it pushes intraday above 97.52 a new wave of buyers and short covering may take us back to 100 next
Two weeks high. The bulls needed this push in a rough day. Now is how hard they will show a force above 97.74 August 5 high.
What we have here today is one last big push to margin out the shorts before the hammer falls tomorrow. Feel safe to short this thing overnight. Its only going lower.
Maybe not a $100, but I tend to agree with ya. I'm expecting a $1+ pop at the open tomorrow . I'm gonna try to buy the 97 Calls early on a pullback. It'll probably see a headfake down, and then a run for $98.50.... That is barring a major sell-off of the broader markets, which I am not anticipating.
Looks ready. $99 gets 101.50 and then $104 and possibly 108. There has been a change in attitude here.
Likely won't trade below 80. Short term uptrend remains in vogue here. Buy on pullback or be foreced to use a large stop.