Hey Guys,
Last week was a very boring week with not trades. Yes I know that 204.90 level was broken and Is aid I would trade it but what many people conveniently ignored was my saying I would not be trading on the Monday. I said I wanted the market to calm down and pick a direction first. This break happened on Monday as as far as I was concerned it was not a trade. So no weekly wrap-up this week since there were no trades last week!
Ok this week there are two great setups, the 209.00 for a long and the 203.30 for a short. They both had very significant bounces from them and they are looking like strong liens which will provide good momentum. Those are my two main lines for the week. I explain this in more detail in the vid below so watch it: