Ah, the sweet smell of summer! ๐ While everyone else is hitting the beach, we're hitting the charts. The US 30 has dipped into a Daily and H4 Demand zone, teasing us with a lovely ChocH on the H2 Time frame. ๐ But don't fret! The low of 37,699.8 is our rock-solid structural low. If it gets taken out, we might have to rethink things, but for now, it's looking like a prime time for a summer rally! ๐ด
Plan A: The Summer Sizzle โ๏ธ
Buy from 38,187.5 and target 39,000! ๐
We're betting on the sunny side of the street. If the price hits 38,187.5, we're jumping in with both feet and riding that wave all the way to 39,000. ๐โโ๏ธ
Plan B: The Backup Plan ๐
If the price doesn't cooperate and our buy limit doesn't trigger, we'll hang tight. Wait for a break in structure at this point, and we'll update our trade plan accordingly. Flexibility is key! ๐งโโ๏ธ
Ultimately, we're looking to build on longs here to take out the highs. ๐
The Short Game: Not Just Yet! โณ
Shorts on the US 30? We'll pass for now. ๐
Indexes aren't our favorite thing to short, especially with the summer vibes in the air. We're holding off until November. After this upside move, we'll get in long for the Santa Claus Rally. ๐
So, pack your trading gear and let's make this summer one to remember! ๐๐