Overview: After the strong reaction at the selloff in the yesterday's session, the market retraced till the 38% fibonacci level. Thanks Giving Day could limit the volatility.
Strategy: Barely positive. Our current position's Delta @$76.60: 0.21
Technical signals: RSI failed to cross to positive, and lateralize in neutral area,
Stochastic crossing downward the signal
Trends analysis: primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): corrective structure wave 2
Targets:
Bullish first@ $77.00, second@ $78.70
Mandatory rebalance level/Stop loss: on breakout 76:00
Bearish first@ $75.00, second@ $73.90
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