IHS target nearly reached. scaling out.
targeting 45-46, but watching for Syria dips along the way.
:eek:
Tough for me to stay with a swing trade, even a long swing trade as of late.
If it breaks all those spt levels to get there, what conviction will the trade have at that point (SEP contract)? Are you looking at a purely large and long term fundamental value play?
Although the DOW is taking the major drop, NAZ and the other majors are back into their previous channels or the upper side of those channels.
Gonna be a choppy few days I believe.
extending that upper tl left a few days and the channel is clear...all the way to the cleave.
I'm watching the line extended from the 15th of August right after the gap.
How does that full spread show on MP?