• Technical run up
• Long a break of 27.50
Reading the Tape
I would say that there was no confirmation on the tape to support this breaking above 27.50. It did give me enough to work with a couple a good prices.
I had no set plan to trade this today. I was aware of this coming up on major level after some good strength overall this last week. I think I should have worked this short after I noted that it was probably a double top in weakening market. I did feel that if this broke it would carry for a while and possible set up for a small swing. I set these trades up well with help of the tape and managed to get some small positions set up for the run with out leaving any risk on the table.
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