Once we reach the Daily 5SMA and 38.2 Fibo, we should see some retrace before the attempt to breach the 5SMA and possibly strike upwards to the 50% fibo line at 231.65.
This would have to be analyzed once we get near the target of 229.00 and we can check the 4HR strength.
I am also watching the High from Friday at 228.96 as a resistance, so this area should be a nice area for the first target here on this move upwards.
The median range for now is 226.91, which would have been an ideal entry point, will see if the London session moves to this area prior to a move to the target range, I would be very much ready to add LONGS here.
Low range is 224.87, the low of Sunday Open session.
GOOD TRADING TO ALL!