Targeting a small continuation complacency bounce to the low 40's(ideally 43-45). Invalidation would be a 4hr close below 33K. Would be targeting 26-27K at that time and will try for another bounce.
Looking for a third drive into this box, move should be sharp and aggressive. Large bounce implied. Mid to low 40's is the ideal bid zone. Invalidation would be a daily closure below $40,500. This current move could still get carried higher, but until dailys start closing above $61,500 I see no reason to be bullish overall and be too exposed to price swings. The...
