7:30am EST - August 11th
I have posted my weekly trade plan that is available to read in the related publication section of this week daily plan posts.
I still believe that price can keep moving higher to my weekly targets of 6452, 6482. We have some economic numbers being released and its OPEX.
In the overnight session price dropped down to 6413 and bounced to 6430. When we came back down price was bought back up around 6408 and we put in a nice reclaim of the overnight low session level and rallied to 6425 around 7am.
I am looking for price to flush the 6402 level (possible 6397-99) and reclaim that level for a good 10pt+ move. I have marked the levels in yellow that I will be watching for a nice reaction to grab some points today. (6402, 6391, 6379) are the main levels I want to look for price to flush and reclaim. IF, price does break out before a pull back this am. You can look for a back test of the 6430 level as a potential entry on strength.
I will post more of an update around 10am once the NYSE opens and we see what price is trying to do in the first 30 mins.
I have posted my weekly trade plan that is available to read in the related publication section of this week daily plan posts.
I still believe that price can keep moving higher to my weekly targets of 6452, 6482. We have some economic numbers being released and its OPEX.
In the overnight session price dropped down to 6413 and bounced to 6430. When we came back down price was bought back up around 6408 and we put in a nice reclaim of the overnight low session level and rallied to 6425 around 7am.
I am looking for price to flush the 6402 level (possible 6397-99) and reclaim that level for a good 10pt+ move. I have marked the levels in yellow that I will be watching for a nice reaction to grab some points today. (6402, 6391, 6379) are the main levels I want to look for price to flush and reclaim. IF, price does break out before a pull back this am. You can look for a back test of the 6430 level as a potential entry on strength.
I will post more of an update around 10am once the NYSE opens and we see what price is trying to do in the first 30 mins.
Note
10:24am - UpdatePrice has been trading in a tight range between 6410-6420 the first hour. Ideally, we get a nice flush down to test the levels I have outlined in the daily plan. If not, we will need price to clear 6422 to see any continued upside. This is a very tight spot to buy and I will be patient and wait for a pull back to enter.
Note
4pm - UpdateAt 2:45pm we got the flush down to 6396.25 and then rallied 10pts, but could not get back above the 6408 level. We lost the level and sold down to 6387.50 and now both levels have been tested. I will send out my overnight session/plan for tomorrow by 6pm EST.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.