Replies to post #62447 on Simple's Green Room

[pennies2007]

Yeah, the bounce was really weak this time. I expected more out of it.

Either way, I'm holding for the 58's at a minimum. The Weekly S2 is sitting at 58.75 and the Weekly S3 is at 56.81. That bottom one coincides nicely with my 57 target.

[pennies2007]

I went ahead and took 100 pips on the NJ short.

The 38.2 level on the daily is still keeping it propped up for now.

I'm thinking it could go back up one more time to the 61.50 - 62 level before dropping again.