Coming into resistance on day chart so this would be a good place to use tight stops on existing long swings to protect it from taking back too much profit if it snaps back.
Longer term this is a bullish chart but the pitchfork shows it will probably not find genuine bullish support for another month or two, so buying here on a swing basis could be painful.
Very much expecting reversal south at 1542 if not sooner. 1454 still seems like the most idea area for swong longs.
Intraday I am bullish but would not hold any long positions over night.
Longer term this is a bullish chart but the pitchfork shows it will probably not find genuine bullish support for another month or two, so buying here on a swing basis could be painful.
Very much expecting reversal south at 1542 if not sooner. 1454 still seems like the most idea area for swong longs.
Intraday I am bullish but would not hold any long positions over night.