This is why I trade zones: to avoid choppy days and not let myself be swayed by the news. After today, I think we are on our way up of a small 5 wave impulse move up, starting wave 3 right at the end of day. My thoughts is this will complete the wave C up of this overall market relief rally.
Will review charts over weekend and verify everything but thinking we can push for the 288 level and try to run for the 292 level. Around 292 is where I will look to enter shorts and to begin the overall market move down.
SO I am still leaning bearish, again, until price breaks a higher high invalidation point.
Will review charts over weekend and verify everything but thinking we can push for the 288 level and try to run for the 292 level. Around 292 is where I will look to enter shorts and to begin the overall market move down.
SO I am still leaning bearish, again, until price breaks a higher high invalidation point.