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I'm watching around 3937 and 3915, was long this morning on the trip to 3937 but am flattened out on it there because it didn't start out at 3915.
It's creeping up again on 37 as I type this but have been waiting for a drop to 3915 to go long to 3965 or more(with some decent PA).
If it hits 37 before 15 and fails to stay above 37, I'll be looking to short I'm thinking at the moment.
If it turned into a short I'd be looking for 3859 or more.
All that being said, we are obviously near 1.4 which on a weekly chart is an area of S/R so we could just chop around in a range around here for days so keep that in mind.
based on what I'm seeing today it's looking like it might just coil up. Maybe a trip another down to 3883 area then back up 3937 area then back down to 3900 then up to 3920 ish and so on til it gets tight and pops.
looks like I wasn't to far off... anyway looking now for a move back to 3868...have to get through 3839 to get there.
Will have to see what happens from there.
Couldn't get above 3839 and stay there....I should have posted the first target after the bottom (3748)which got hit to to tick.
At this point I am not really seeing anything other than thinking it would be nice to dip to the 3720s, beyond that just have to wait and see.
Bigger picture wise I'm looking to go long again maybe around the 3720 area I mentioned.
If anyone has another thought I'm open to it...don't claim to know everything or anything for that matter.
Edit: by the way, some of the spots I'm watching for PA around are: upside...3748, 3789, 3831, 3856... down below 3707, 3667
can you tell me what you see in area's 3856 and 3667, I don't see something which I can relate to. And second, you are looking at the 6E futures I asume? ( because my numbers of 6E futures are different for a few ticks somehow).
Kind Regards!
One of my worst enemies are my own false assumptions
Still looking for a long....I'm probably the only guy to do so...
The spots I'm watching have changed but not going to bother posting them since I'm only talking to myself in this thread.
I am obviously taking note of how longs are slowly turning into shorts going through the time frames and currently turned/turning on the daily so I'd like to see the 3720s hold otherwise I'm likely to start looking for shorts.