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stop moved to 77.00 need breathing room.

i am fearful of being long right now, not too committed.from past plays its bear territory above 79.50 and bulls lack a little strength. will let 1 contract run, or get stopped out 78.50 stop loss. if upwards then could be good profits 82.00 and above might be in play but not sure if it will be...

tick or two is better than stopped out, i am coward when it comes to riding trends. 2-4 points is enough for me. home runs i hardly get it.

exit 1 @80.25 1 will let it ride stop moved to 78.25

needs to go up convincingly, to make 78.00 new floor.

long 78.00 target 82.00 stop loss 77.00

beauty of being a scalper , no BS commitment to any moves. no Biases.

possibility is there the ceiling pattern got rejected. as a short i would be cautious now.

one good news for longs, ceiling pattern was rejected latest move up but price is still below 79.50. so it could give a ray of hope.

so many braves and eternal optimist here, lets see if this move up crashes the ceiling. best of luck.

my fear as long would be the ceiling @79.50. if it is pierced then things could change.

interesting they are trying to turn this around. or could be a bear trap for bulls, the bounce lacks conviction. i would be cautious if i was going long, will wait for further confirmation atleast a new RTH high.

if the ceiling is strong then 72.50 is also possible. just watch for the bounce back from 77.00-75.50 bracket. if you were wrong it will take your stop but 79.75-80.00 is best for stop range if and when they shake off the slackers in MHO.

now if bounces from 77.00-75.50 bracket could mean something otherwise ceiling formed on 4.5K good luck. i am done trading. have household chores to attend to. missing out on $1k in profit, pretty sure.

ceiling formed. :p

waiting for 4.5k for confirmation still not out of the ceiling on higher ticks.

pattern rejected , ceiling not formed @78.50

ceiling pattern is forming as we speak at 78.50 ( 2000 ticks) not completed but they are trying to form it. i would like price to come down to 77.00 to dismantle the ceiling.

need price to drop and bounce up from (77.00- 75.50 bracket) and break the 78.50 barrier for strong upwards. ceiling formation also happening 78.75 so it is lot of mixed signals.

even though the signals are all topped out, long is looking good now. have to see how it will play out. scary market.