Not really any thoughts. It is one sideways long consolidation flag pattern for sure. Volatility is out of it. Bolinger bands as tight as ever. Will resolve at some point. Could be a shake down on earnings day Tuesday which might be the time to step in and buy some? The low on the sideways action is 74.50 so maybe it needs to hold that first? CME has a history of trading lower on earnings and then in the days following, it trades higher. From a relative strength and stochastics look, its been down since June 23rd so it might not get that much lower. We will see. Don't like that its still overbought on the weekly.
VERY HARD FOR ME TO GET A GOOD READ BECAUSE NO POINT CHART THAT ONE COULD TRUST TRADING HER IT'S LIKE DRIVING A CAR BLIND THAT'S WHY I ASK AND TRUST YOUR READS you said aug 1st to me in post last week now your saying this tuesday . ponz always pay attention to what you say i have enough going don't need to be tested to see if i am paying attention to what you say .