Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I hesitate in making this post but can make a case although weak for a visit back to 1180.
Can make a bit stronger case for 87 but that looks a little weak as well so....basically just going to wing it.
next few days 1200 is looking likely...they might want to get it before the holiday so I'm kind of expecting a drift up and some of the shorts that show up might get blown out. Today they have already demonstrated some of that behavior on my charts so keep that in mind.
Made it to 1200 obviously...little sooner than I was thinking but doesn't matter. Next question is whether or not it gets back to 1180 to resolve an issue I saw down there.
I'm pretty sure that wouldn't happen til next week some time as it is likely to be above 1200 going into the close before trading halts for the holiday.
That's not to say it wont drop a wee bit below 1200 in the mean time but that's my thought on what's likely.
I'm looking for 79.9 to be exact on the downside then looking to go long again with the following target in mind....1199.4
I'm not saying it will run back there, that's just what the upside target is after 79.9 gets hit and a reversal occurs. I will come up with the next plan based on conditions at that time...
Edit: I Missed 95.4 on the upside so would be looking for that on the first....
I will later...to lazy now
I could post a chart but would take me a while to explain what I'm looking at... I have shown some examples in this thread somewhere I think but will post something tomorrow
Just way to much hate going on...when it went past 75 I wrote off my long idea.
The numbers I posted are still valid but won't come into play for a while at this point.