In the Prep Room today I said the expectation was to see price push higher from the 2725 area.
If The market goes down first to the 2725 I will look to buy there.
If the market goes up first to the 2733 or 2736 I will short , but the shorts need permission and are shorts to get long lower down.
Note: longs are longs to stay long while shorts are shorts to get Long.
If the Longs work above the 2736 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 2725 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.
There is also a long location at the 2717 but this long needs permission as it should go lower to the 2705.
If price opens above the 2705 to 2707 then any up move off the open is to get short to buy lower down.
If price opens above the 2731 and go down off the open I will buy the 2730 to 2729.
If we go up first I can sell the 2735 or higher but will need permission as this has good chance of going higher.
If we open below the 2731 I will look for shorts at the 2733 area.
If we open below the 2729 but above the 2726 and go down first I will sell new supply. if we go down first I will buy the 2725.
If we open below the 2726 and go up first I will look to sell at new supply but if we go down I can only buy at or below the 2724.
So Far Today
As i said in the prep room today if the price opens above the 2731 and goes down off the open i will buy the 2730 to 2729, if we go up first i can sell the 2735 or higher.
End Of Day
Well the market ended up opening at the 2731.25 and as I said in Prep Room this morning If we open above the 2731 and Go up off that open I can sell the 2735 or higher with the objective of getting long lower down at the the 2725 area.
The Short did need permission which it got from the open.
This short worked out a dream and headed right down to the 2725 area where I said we can get long with out any permission.
Another great trade that pushed price back to the highs at 2735 where it found supply and headed back down but as the Longs are longs to stay long no shorts where taken.
