I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
1st target 15910 2nd target 15885 The first fib level is a big level.
Looking to take it to the blue area at the bottom. In this area people will be getting rid of their shorts and people will be buying.
Bearish flag broken now in a head and shoulders right shoulder. Waiting for US Opening Bell.
Looking for 16,700 then 16,750 today.
Selling BTG broken trend line support now. And first fib level. TARGET 600
Long term long still open but will scalp futures in the process.
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.