Nov 22nd Daily Chart & Trade Plan
I hope everyone had a good weekend - shortened trading week coming up with US Thanksgiving Thursday meaning would expect futures to “stall” out around then with the day before Thanksgiving being very strong on average the last 50 years. Futures opened strong tonight (no surprise) but price is now coiled very tight essentially spending the last week in a very tight ~25 point range with some brief excursions. This means a breakout move is coming shortly (chart & analysis below)