Over night we moved back into a higher distribution and we now have to see if the market want higher, and needs to be over 2945 to confirm this for me and if it wants lower and 2902 is that change over point for me. As we stand right now I lean long and will be looking for longs off big or small retraces. The back and forth action has been very good for day and scalp trading, keep in mind this big range is getting due for a break so do not marry a side be nimble.
Trade active:
up move rejected very close to my upper red boundary, now will lean short tot eh bottom of the range, as I respect the dashed line, normally the area i look for chop, if thinking of doing this watch r/r until we clear this zone, if we do.
Comment:
typo, sorry "short to the"
Trade active:
The support hit my bottom red bang on, and after the bounce of about 50% took a short for a nice little gain, 2 for 2 so far on the day. One out way early other one almost perfect