Looks like it has been gravitating towards long-term (1997) support for a while now. I'm watching for it to hit that level then rally in late October, early November. If it does not hit that level in October, no position will be taken. The gray arrows show times when price gravitated towards long-term support. The green arrow shows what I'm thinking might happen.
Kommentera:
The change in contract month makes it look like I was completely wrong and there was a big move up but actually there was a big move down as I had forecasted. Another drop down to 2.400 in the new contract month is essentially the drop down to 1.600 that I was anticipating.