Bigger picture here I believe we will hit those 1382 levels but shorter term we need to digest this bullish move up so I am looking for some consolidation and pullback to get long. Almost exact example of the oil trade but right now we are in a high risk area to take longs without getting that pullback. I rather to take higher risk reward plays and miss the ride if there is one but I believe we could retrace back down to the 61.8 Fib levels easily (1229) and that would make the perfect area to get on longs for a run to the 1382 area.
Wont be around for rest of week as I am somewhat busy but I will chime in if I get the chance to.
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