With the weekly bear elected, we also show a weekly same time bullish. So no clear conviction. But if we close above prior high, we can break out to upside. Going back long here with stop below the prior low – Low Risk for me (unless of course gap down lol!!)
UPDATE: 2/28/24 – So Far So Good
It looks like we got the rally and now we are testing the next day bull 206.60 (yellow). This will act as resistance short term. But more important for February close is the 203.60 monthly same time reversal (dark green). If we close above we can get a pop into March. If we go below on Feb close, then taking half off position.
