In the Prep Room today I said the expectation was to see price push higher from the 2700 again.
If the market went above the 2729 I would look to buy the 2727 or 2725 on a pullback.
If the market traded below the 2725 I would sell a pullback down to the Demand at the 2719 to 2716 for a long.
Note: longs are longs to stay long while shorts are shorts to get Long.
If the Longs work above the 2729 I shall hold for Longs till we get to the 2775 to 2800 where I will start looking for Shorts.
The 2775 needs permission to short while the 2792 to 2800 do not and if the shorts fail at the 2780 I can buy to the 2800.
If the 2716 Longs fail I will sell down to the 2706 for longs and again of the 2706 fail I will sell down to the 2699.
Same again if the 2699 fail I can short to the 2684 for longs.
If price opens above the 2725 I will look to buy the 2725 or 2728
If we open below the 2719 I will look for longs but only at the 2716.75
If we open between the 2719 to 2723 I and Price goes down off the open I will buy the 2719 to 2716
If we open between the 2725 to 2723 and go up first I will sell the 2725 to 2728
End Of Day
As I said in prep Room if we open near the high of overnight I will buy pull-back to 2727.
That worked very well and created new demand so the second test to that area was a new Long trade as well.
When price then fell below the 2730 if was indicating it was going back to the 2720 so two attempts are made at the 2729 for a short these both had permission, the 1st was a stop and the 2nd was a winner.
when price then headed back up to test this area again new shorts was expected but these had no permission so are not valid.
