So we are just underneath 35 EMA if we manage to get above it 50 day moving average will be the target and if we get above that 230 on the day. 231 on tomorrow’s contract. Would be looking at 230 231 bear calls spreads if we do get over the 50 day.
Underneath us, we have that downward facing one hour 200 moving average we also have the four hour two under average and 225 which has held us up so far this week. 223 is the bottom of the move and for tomorrow it’s 222. Underneath that we do have an island gap which we still need to fill, but it’s not in today’s trading range and , I wouldn’t call that a target just yet
Underneath us, we have that downward facing one hour 200 moving average we also have the four hour two under average and 225 which has held us up so far this week. 223 is the bottom of the move and for tomorrow it’s 222. Underneath that we do have an island gap which we still need to fill, but it’s not in today’s trading range and , I wouldn’t call that a target just yet
Trade closed: target reached
LOOK AT THAT 👀 Absolutely beautiful how the 225 level, the 30min and the 1hr 200MA caught us to close flat. Butterflies, condors paid here!! Still in the channel between the 50DMA and the 1hr 200. 
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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.