It's pretty clear that that high of 159.60 is were we have to close above to reverse this weeks short strategy. We are still making lower highs and lows so minimal risk in shorting close to the highs.
Today's line in the sand is around the 158 zone...one thing does worry me...we have come very close to hitting TP for the week so this might be a reversal....especially if we get a bullish candle today.
One day at a time....
Happy Pippin
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