Ten (10) days…-3%…and 50 handles lower since our call on 08.02.13 “Top Turn Date” with a near perfect Head and Shoulders topping formation now solidly confirmed.
With options expiring today, price action may have a mind of its own…so our trade strategy for today’s session is to remain nimble and play both sides.
Upper Zone to watch today for initial supply is 1661 – 1663.50…Lower Zone 1655 – 1658 for initial support.
I think in terms of probabilities. I do not know, all I have are probabilities. Probabilities are at the core of my decisions. Through consistent application of the probabilities, I will win.