Prices are mixed again this morning. After an overnight move higher, prices appeared to be headed down to fill the lower gap. As of this post, the gap has not yet been filled, and prices are pushing higher again. The target to fill the gap is down at 7731.50. If prices start rallying to new highs from here, look for a possible measured move up.
I would expect more consolidation to downward action today, but anything is possible. We could just end up with another range that closes somewhere inside the current range highs and lows. Less likely, but still possible is a measured leg up. That measured target would be up around 7796.00 area.
I hope everyone has a great weekend. See you on Monday!
