Pullback to 38.2% level (1913.8)

1 Şub 2016

We've hit the 50% retracement level of the December/January swing low.

Throughout the US session it was bullish, and the bulls tried hard to break the 50% level at the close, but were unable, and significant volume drove us back from 1945.8 (50% level) to close at 1938.1

I'd be interested in shorts, with a stop above 1945.8, and a target of around 1913.8 (the 38.2% retracement level) on Tuesday.

Alternative scenario is to buy the 38.2% retracement level area (1913.8), with stops below, and a target of around 50% (1945.8)

2 Şub 2016

İşlem aktif

Ok, so we have sold off almost 10 points since yesterday's close

I'm tempted to take some profit here, and let the rest run to around the 38.2% level (1913.8) or yesterdays lows (1918)

2 Şub 2016

İşlem kapandı: hedefe ulaştı

We've completed the pullback to the 38.2% retracement level, around 20 points available up for grabs today on that short !