Optimal long level mentioned yesterday looks like it will fail.
Nice bounce but not run we were looking for.
Just a really quick update today. Optimal long level filled and we rallied off it but we were looking for a clean rally with no big pullbacks.
We’ve recently pulled back and made a first 76 break - this does not usually happen in the third leg if we’re right about that.
Bias is still net long but from 4090. Slight day trading bias short for now (Albeit with tight stops above the high - above the high of the day bulls can really rip).
Plan to get long again 4090. Have limits there with 4072 stop.
Looks like it will be fine. We managed to break the last high.
4240 is viable target now.