We are bumping our heads against resistance on the daily and that should at least give Geppy a headache. How much of a headache? I dunno….we may pullback to 146.50 zone or go even lower and touch the LTL (ascending line) before continuing with the upward momentum.
Lots of scenarios to play, we could end the week unchanged? My strategy is just buying pullbacks…I am keeping an eye on the lower TL on the ascending triangle on the daily chart.
Two real levels to watch; the UTL @ 150.50 and the LTL (ascending line) on the daily, I guess you could trade anything in-between but the more conservative trade will be waiting for reaction of those levels.
Happy Pippin
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