DislikedWe are back at the 61.8 fib extension on the daily at 37571. This is a big level and would negate the drop down from October and set the scene for a big correction to the top side.
I have been watching this all week on both the daily and the weekly to give me an opportunity for a position trade.
3774 is the biggie on the weekly and would confirm a longer bull run is in the making.
Intraday I am happy to play both sides of the fence, I want to start a position trade and the daily and weekly have not given me anything yet worth trading.
For...Ignored
On the other hand I think this is the perfect time to settle for a position as we have a few hundred to go either ways.