Premium Report:-
“Today is my 'sell' day, and the higher open means that it gives a higher probability trade alignment to short-sell. So the expectation that a down move will be 44 points to close the gap....
It has been a 'sell' zone a number of times and I believe it will be again today. It also matches the gap on the R87 @ 6585.
At that point:- a bullish weekly trend will support the market around the R44 lows and Gap closure, and swing back upwards, as part of the Weekly trend.
However a 'sell' day has a random length:- that means it can swamp the market and actually move all the way back towards the 3-day lows.
'short' sell the market, look for gap closure, but hold last contract into close…
10:55
Partial Exit 6598
Leaving last into close:-
A bullish trend will complete the gap closure and swing back upwards, but I’m not interested in buying the market today.
It’s my sell day, which has a random length, and that length can easily move back towards the 3-day lows. (trailing stop 6623)
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