May 6 – Trade Plan

Yesterday was a solid down day and I used it as an opportunity to enter in more units of June MIC. I’ve got 40 units total on right now with entries all over the place.

The market has had 25+ Fugly days but nothing thats really carrying on much past a day. It’s 1-2% up and 1-2% down.  Trendless within a larger bullish trend. It’ll resolve one way or another.

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The thing is, you rarely have triple + tops and the more we consolidate here the more likely we bust right through that resistance @2120.  The more times it knocks the more likely it’ll get through. The season is bad, the indicators suggest more likely down than up but we either have to move down soon or we’re likely to clear up and create new all time highs. I think this will resolve in the next few days especially around Fridays NFP number.

 

 

 

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