Building a position here below 126 with 142 as my target.

133 3 2
Very interesting channels you put together. I like your work!
While I can see a technical rise into 144.20 (my number) - the triangle we have here is suggesting a possible drop down. My reasoning is the continued scaling back of the Fed purchases which is deflationary and should cause the dollar to strengthen. As a result, I have a staged buy with my last buy at 99.60. Do not be surprised if we dip down - it is a long target I have been watching for over 2 years.
Barker MarketAlly
Thank you for the feedback. My stop is at 122.50.

I see that 99.60 level put in as the highs of March 08. That would be one heck of a great opportunity.

I'm building a position here so we'll see if this channel holds.
+1 Reply
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