The area price is in right now is where it bounced on the last trip down and the NY open took it the rest of the way. That is what I would expect today also. 3265 is pretty strong support followed by 3240. Once 3240 is broken I expect smooth sailing into the high 3000's.
The area price is in right now is where it bounced on the last trip down and the NY open took it the rest of the way. That is what I would expect today also. 3265 is pretty strong support followed by 3240. Once 3240 is broken I expect smooth sailing into the high 3000's.
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Before getting to the 3000, I would expect the 1.3100-3120 area to be a very strong support, seeing that price has bounced off there several times and hasn't gone below in about a month.
Before getting to the 3000, I would expect the 1.3100-3120 area to be a very strong support, seeing that price has bounced off there several times and hasn't gone below in about a month.
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Good point - I missed that. My actual target is 3085 (high 3000's) last weeks low.
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Joined Jul 2007
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Status: Just Another Trader
|836 Posts
Some people going short, some people aiming long... lol, there's always both sides, but that's what makes this fun. As for me, I shorted, but I would say it's a bit high risk right now to enter short, since it's still somewhat uncertain yet at this price for me. If I had to start over, I don't think I would enter at this price level.
Some people going short, some people aiming long... lol, there's always both sides
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I guess that all depends on if you are going for 20 points or 200. I wouldn't go long here unless I was scalping a few. The bears seem to have awakened after their long holiday weekend.
I guess that all depends on if you are going for 20 points or 200. I wouldn't go long here unless I was scalping a few. The bears seem to have awakened after their long holiday weekend.
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That's true, everyone has their own ways to trade the market, hopefully though, it won't go up too much, and just keep going down from here today haha. My targets are 1.3261, 1.3232, and 1.3187, moving to BE after first target reach, 1st TP price after second TP reached for last remaining lot.
