3550 is the zone ladies and gentemen,
to keep it short and sweet, i'm cash till then.
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if we get this target today, that would be one hell of a way to end this week;
and we would see a significant short covering take place - the largest this year.
i'd be looking for price to gravitate to around 4300ish after 3550 is met.
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it could take awhile for us to reach 3550 though, it doesn't have to happen today -
but if it did happen today,
it would be the perfect long setup
considering how many shares are going to be bought after todays expiration.
to keep it short and sweet, i'm cash till then.
---
if we get this target today, that would be one hell of a way to end this week;
and we would see a significant short covering take place - the largest this year.
i'd be looking for price to gravitate to around 4300ish after 3550 is met.
---
it could take awhile for us to reach 3550 though, it doesn't have to happen today -
but if it did happen today,
it would be the perfect long setup
considering how many shares are going to be bought after todays expiration.