Those who fail to plan plan to fail.
H/S scenario IMO. Obviously this is pre-news, pre-holiday.. But a necessary set up. I believe there is still support here and shorting could get you shaken out for one more resistance test. If bears are successful, shorts should pile in on neckline break for a re-test of the 1750 area.. I posted on my last idea the idea of price going to 93 and I honestly haven't given up on that theory just yet. Range through 1750 should be considered depending on your position.
H/S scenario IMO. Obviously this is pre-news, pre-holiday.. But a necessary set up. I believe there is still support here and shorting could get you shaken out for one more resistance test. If bears are successful, shorts should pile in on neckline break for a re-test of the 1750 area.. I posted on my last idea the idea of price going to 93 and I honestly haven't given up on that theory just yet. Range through 1750 should be considered depending on your position.