So far today looks to be a possible range day. I have two targets so far, one a measured move down and the other the bottom of the range if prices continue...
A final push lower appears to be happening today. Prices finally pushed lower into the oversold zone on our daily chart using the Envelope Strategy, so we may finally see a bottom...
The small range on the daily chart continues to hold and turn prices both up and down. After trading higher yesterday, prices are now testing the lows of that small range/congestion area...
Prices started out sideways again today. On the break out of yesterday’s range, prices never really tested the resistance as support, so you would expect some possible pullback to test that price...
Today looks like a possible range day again so far. Prices rallied strongly off of the overnight lows, but found stiff resistance and sold off quickly again once reaching the overnight highs....
Early on this looked to be a possible range day, but there is a clear two-tiered channel working lower, and as of now, that channel is still in play. This could still...
The trend and bias are down for now, although prices have found some momentary support near the overnight lows. It is always possible that can hold, but in looking at the daily...
Prices are testing the 4490.00 price level again, and the trend and bias are down for now. We will have to wait and see if this price level will hold or now....
Update: I thought I would add an updated daily chart using the Envelope bands with the targets added as well. Another trader made note of the 2nd entry short that had formed,...
Today has the look and feel of a range day so far. There has a slight upwards bias up to this point, but that could be changing as I am typing this...