Looking at the weekly chart, the previous week saw little in the way of movement.
I was looking for a pop higher to either pick up more orders then head lower or a rally to take out the last significant high.
On the monthly chart is still looking quite bullish, we are still trading below the monthly open. My initial long postion was stopped out at less than 10 points.
Price opened for the week then made a move higher. Im keeping an eye on how price will behave today and tomorrow.
If the previous weeks low stays intact I will look for a position to take me higher than the monthly open.
May is not yet finished, month end will bring a lot of clarity h.
I was looking for a pop higher to either pick up more orders then head lower or a rally to take out the last significant high.
On the monthly chart is still looking quite bullish, we are still trading below the monthly open. My initial long postion was stopped out at less than 10 points.
Price opened for the week then made a move higher. Im keeping an eye on how price will behave today and tomorrow.
If the previous weeks low stays intact I will look for a position to take me higher than the monthly open.
May is not yet finished, month end will bring a lot of clarity h.
