Two Ways I want to play this move if it happens
1) I expect until Wednesday 7/27 that we are going to remain balanced between roughly 27 to 32
IF we get that clean break to the upside hard and fast (giggity) then I want to be looking to play that 35 to 36 rejection short. I am likely to swing this move, maybe day trade! but I will have to see what its looking like if it sets up. Leaning more towards a swing trade over next day or two
2) I want below 28.57 to pick up my first long entry. If we dip to 26 I will add once more to swing the contracts into that 35 short entry I am targeting
This is only IF we set up with price holding that 26 to 27 area of support. If that is broken and held below this plan is invalid as the overall market is going lower and shorts to the downside would be in play at that point
1) I expect until Wednesday 7/27 that we are going to remain balanced between roughly 27 to 32
IF we get that clean break to the upside hard and fast (giggity) then I want to be looking to play that 35 to 36 rejection short. I am likely to swing this move, maybe day trade! but I will have to see what its looking like if it sets up. Leaning more towards a swing trade over next day or two
2) I want below 28.57 to pick up my first long entry. If we dip to 26 I will add once more to swing the contracts into that 35 short entry I am targeting
This is only IF we set up with price holding that 26 to 27 area of support. If that is broken and held below this plan is invalid as the overall market is going lower and shorts to the downside would be in play at that point