Successful 3-Day Cycle for the Bulls as they were able to penetrate the key 1653 level yesterday and hold, allowing a rally to the 1660 target.
In Globex trade “da bears” are now pushing price back to key 1640 level for a retest…It’s clearly a battle for dominance as this action reminds us of “Fight Club”. Bulls and Bear exchanging blows but neither have broken.
Today’s levels are familiar for this week…1638 – 40 remains key “line-in-sand” for Bulls. Upper level 1655 is key marker for upside penetration.
I am at ease with controlled risk. I will risk and I will win. I am courageous. I will take a chance. I manage risk to my comfort level. Risk keeps me on my toes, keeps me alert and at the top of my game.