- -DI on DMI is trending up with up last 3 weeks but still below 20.
- The bounced off 0 and has crossed down over the setting a at this past weeks close of 46.46. A break and close blow 46.46 this week will confirm lower targets in play.
- Stoch moved close to oversold area but pulled back and has now turned back down
Currently, I'm looking for a pullback possibly first few days of week into a couple of targets:
On the , the target for pullback is 47.15 on a close to hold
on the 4hr chart, the target for pullback is 48.08/.11 on a close and hold
If early price movement plays out this way, then I'll use the 4hr chart DMI and daily TRIX/HMA to trigger OTM Put purchase.