Daily timeframe inverse cup and handle. Has 2 gap fills in both directions. It will fill either one tomorrow depending on how CPI data is. Leaning more to the bullish upside due to the market sentiment that CPI data will show a cooldown from the 4% May data.
Trade closed: target reached:
Gap on upside filled. retested the handle channel. Now we wait on PPI and unemployment data to see what direction it would take.
Comment:
uptrend confirmed. If market is strong, $126.68 is first target and if that breaks and hold, then $129.55.
Comment:
went as high as $127.09 hitting first target. could not hold so im looking for a bounce off $123.28.
Comment:
volatile days coming ahead. Big bank earnings tues and wed as well as tsla and nflx wed AH. Neutral stance waiting to see were we go.