Market supported around January lows @ 6054…
moved trailing stop @ 6080… (3 ticks above 22 point upswing just in case it reverses down from 6077 (22 point swing top)
After the failure of the R11 trio, I thought it was primed to move down towards the 5-day lows @ 5973, which goes close to matching the January .618 lows @ 5962…
The R11 reversal pushed the market down , but it now looks like the January lows @ 6054 is playing a support role today…..
No more trades today if stopped out… let the market run its course. (last SPI post)
moved trailing stop @ 6080… (3 ticks above 22 point upswing just in case it reverses down from 6077 (22 point swing top)
After the failure of the R11 trio, I thought it was primed to move down towards the 5-day lows @ 5973, which goes close to matching the January .618 lows @ 5962…
The R11 reversal pushed the market down , but it now looks like the January lows @ 6054 is playing a support role today…..
No more trades today if stopped out… let the market run its course. (last SPI post)