I see, we are in a channel on the hourly. If we can get through on the top we are off to the races.
Quote from RsX:
Yes, so far it's held. I'm also anticipating a break of this week's downtrend line. So far the week's downtrend line has also held (from mondays highs at 1400 down to yesterday's highs at 1353.25), except for the failed breakout earlier today. It's about to be retested and I'm looking at a possible break-n-squeeze after that. The stop still stays at -1.50pts in case I'm wrong.
EDIT above 1330 now.. decision point. Stop goes to +1.50 (1325.75)
EDIT position up +10pts, stop goes to +4.50pts (1328.75)