We closed on the highs of the day. Today's tape gave us a
3-push impulse move. The second push giving the highest TICK distribution of the move. After the 3rd push up we just consolidated most of the day. We did get a little shake-out move late in the day on a strong negative
TICK, but it looks as though we're back into "buy the dip" strategy.
Curious to see how price behaves with $92.50 tomorrow. Do we hit up against resistance and chop around that area, or just gap above it and use it as support?
Things are looking to set up for another momentum push up, just have to feel it out for how much participation we get.
Another strong day in Treasuries. At the end of the day price based at the highs. I'm thinking it might pullback and come back to base around this $94.50 level, or pop up from here.
On the daily, again, we're at a resistance level. Pop or drop time.
Curious to see how price behaves with $92.50 tomorrow. Do we hit up against resistance and chop around that area, or just gap above it and use it as support?
Things are looking to set up for another momentum push up, just have to feel it out for how much participation we get.
Another strong day in Treasuries. At the end of the day price based at the highs. I'm thinking it might pullback and come back to base around this $94.50 level, or pop up from here.
On the daily, again, we're at a resistance level. Pop or drop time.
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