Stopped, next stop is 24
Ok...back to buisness...we've clear trendline break to the upside , the break is at 10 ish which would be a good target for a downshot kiss to the breakout level. In fact, that's 10+ points from where we are now, so I'm gonna take a pop at it here with a fat stop, or 2 tries with tight ones thinking it's not going to break 24 -26 pre-market, so ...pause for pic
Ok...so yesterday was a NR7 on the dailies, and if we hold these highs pre-open, meaning the gap is over Yesterhigh, thats a recipe for a trend day. *Possible* Trend day. What concerns me, is that news spike stopped considerably short (roughly 2 points) from Yesterhigh, and the thrust up that followed later stopped considerably short of our recent swing high, or "high to beat". My guess is we're in a big fat trading range, and a breakout to new highs is a bulltrap. Then again, we can have a trend day. Time and Price will tell.
hanging too high too close to open so I exit break even +.25
Ok...back to buisness...we've clear trendline break to the upside , the break is at 10 ish which would be a good target for a downshot kiss to the breakout level. In fact, that's 10+ points from where we are now, so I'm gonna take a pop at it here with a fat stop, or 2 tries with tight ones thinking it's not going to break 24 -26 pre-market, so ...pause for pic
Ok...so yesterday was a NR7 on the dailies, and if we hold these highs pre-open, meaning the gap is over Yesterhigh, thats a recipe for a trend day. *Possible* Trend day. What concerns me, is that news spike stopped considerably short (roughly 2 points) from Yesterhigh, and the thrust up that followed later stopped considerably short of our recent swing high, or "high to beat". My guess is we're in a big fat trading range, and a breakout to new highs is a bulltrap. Then again, we can have a trend day. Time and Price will tell.
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