Today: While the index did give us a few points on the long side, it was risky and then boring. RSI between 60 and 40 through the day did not offer anyone any opportunity other than sellers. Being stuck in 200 points range is so not BNF.
Tomorrow: Let me start on the short side, we continue our view about that if 37925 is broken down. So no change there since yesterday, some few adjustments made basis the time frame. On the long side, today's intraday high is our entry point then incremental 100 points targets.
So; Long side view: Buy above 38620 Target 1 - 38750 TSL above this Target 2 - 38850 Target 3 - 38960 (Long SL - 38365) --------------- Short side view: Sell below 37925 Target 1 zone 37845 TSL below this Target 2 - 37715 Target 3 - 37570 (Short SL - 38000)
*** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.