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looking for same thing tomorrow...blah blah blah...still looking for at 53 to get tagged then maybe 48 which could be the spot to go long...we'll see
By the way, if nothing else, we get over 75.6 on the U (80.4 on M)contract it would be an acceptable long entry from the Daily Ichimoku perspective but of course I'm looking to front run that one.
It's going to back down 57.1 at least as I see it. Beyond that I'm looking to go long around 52.5 if it gets there...might go long before that depending....
I should add that if it gets below 57.1 by a few ticks it should go to 52.5
71.5 is the spot to keep an eye on....as it stands at the time of this post if it reverses here that is first target, then after exceeding it by about three ticks (which would be very likely) would go to 74.8
if it drops even more than the current low, 71.5 would still be first target back up but ultimate target would be higher...I'll post an update in the morning.
I have been way off the last few days, well since the middle of last week. I am watching the 71 - 75 area. I would like to see it close above 75 this week or I think it will drop back to the 30's.
I don't know where it might close but, am really thinking we're headed for 1200 at this point and don't see that we would get below 1160 at this point...just working our way up. Just looking to trade what I see but that's my outlook ...I could be wrong...it's happened a few times
Not that it matters now but final target is 80.5
I'll be looking for more longs and try to post trades that will behave better next time...fed stuff today made for a messy deal.
Had some upside targets for today which all got hit except for 79.4 which is likely to get tagged before the new downside target gets tagged...which is 75.1
I'll be looking to short back to 75.1 and if it goes to 74.8 will be looking to stay in short until it goes down as many ticks as it went above 75.1...if that makes any sense
I would expect it would go a little past that point but somewhere in that neighborhood I'll be looking to go long again.