New month..New Bar but no real new information...There isn't anything i see on the monthly chart that screams out at me, you could dig out my last monthly analysis and it would be the same. The trend still remains up, stochs are up but in neutral territory so closer inspection is needed also force index remains a buy.
Support @ 148.50 is key for me with target at 171/172. If i had just one trade this month then this would be it...i'll wait for a pullback to the support and buy using May's Low as SL. We also have support at 153 & 151 so i will be watching closely.
The strategy for the month is to buy on pull back...bias remains bullish
Happy Pippin
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