sell above $1900, buy back below $1840 in the next 4 weeks the big trend is still very bullish both fundamentally and technically.
short term a pull back is very healthy for the overall trend.
Trade active
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once the distribution of supply is finished, the leg down should begin any day now... do not chase high....wait for a decent correction below 1850 to build longs...
Trade closed manually
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Friday's reaction to weaker-than-expected NFP did surprise me. the strength carried itself until day close. the risk has now shifted to the upside with another important eco. data next thurs (ie. CPI). I will take the small profit on my shorts and look for opportunity to build longs.
Trade closed: target reached
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target reached. a short term rebound should be underway anyday now..