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7.16 Midday Thoughts
Brother Bing is strongly consolidating at the high level—are the shorts having a hard time too, with a whole bunch of them?! At this stage, we’re not talking about where the resistance is or where the support is. It’s purely a gamble—bet on whether you dare to do it, whether you dare to enter the market and trade!
In the daytime session, Brother Bing uses 64k as the boundary (the dense trading area). For the long brothers, just place your protection below this level—go ahead and keep scalping the short-term longs!
Midday thoughts
Go long on the Big Bing around 64,300-64,100, target 65,600
Go long on the Little Bing around 1,880-1,860, target 2,010