Look for a breakout of some fashion away from this 2430 sand pit. Same Holding Zone all week so far. Once we get a clean break, fading that move might cost you $. Thinking we'll see some sort of charge going into the weekend.
Still needing to cleanly escape the 2430 level. Yet another day with the same "Holding Zone" aka pivot. Expecting to see more volatility today compared to past few trading days with it being #Comeyday and all.
Needing price to get away from this Holding Zone (pivot zone) to do anything. Once a clean escape is made the next zones should be easily attainable. I'd venture to say the decision will be to move higher, but the market has a mind of its own.
Overnight action has penetrated the holding zone. Will need to see where price is when cash opens this AM. If below, then 2420 could be legitimate daily target. If above, don't be surprised if new ath.
Ready to see more continuation higher on this Bull train. "Buying the dip" game is in full effect at the moment. Once this 1238 h&s gets dismissed I can easily see price reaching 2450. Then we can start talking about the next milestone.
Some economic data coming out later that can move the market a bit along w/ the anticipation of job report tomorrow. Looking today if bulls can continue momentum from yesterday's recovery from their perfectly placed bear trap. The risk in shorting an existing all time high increases after each touch so I'm nervous to sell 2417 zone again as the next attempt will...