Have my focus on the ~3150 area.. will look for multi-day trade opportunities with an entry at/near that zone - either direction. Week's trade plan visualized...
More emphasis is on the most likely (primary) scenario - that is market's about to complete 3242->2796 wave's retrace right around the 3150 area and head for 3rd multiweek wave down (2nd impulse).. So more geared towards riding the short side, after first reactions and confirms are given.
But, also prepared for the complete opposite - the secondary scenario triggers upon a solid (daily close) break of 3150-3180.
Intraday PA likely offers smaller swings both ways, upon reactions from any of the zones... but main plan is to pick and ride either of the anticipated moves, for a good 150..200 pips.
More emphasis is on the most likely (primary) scenario - that is market's about to complete 3242->2796 wave's retrace right around the 3150 area and head for 3rd multiweek wave down (2nd impulse).. So more geared towards riding the short side, after first reactions and confirms are given.
But, also prepared for the complete opposite - the secondary scenario triggers upon a solid (daily close) break of 3150-3180.
Intraday PA likely offers smaller swings both ways, upon reactions from any of the zones... but main plan is to pick and ride either of the anticipated moves, for a good 150..200 pips.
Patience, persistence and probabilities.