Sliding into home?

Latest leg is now testing today”s target.

The 2066.00 target we discussed during the pre-open Market Tour has now been attacked to within 5 ticks. Normally, I would not consider anything wider than 3 ticks to suffice. 

But I”m not the Albuquerque courthouse parking attendant in “Better Call Saul,” not willing to accept one or two too few validation stickers. Google it.

This is a Friday afternoon. The intraday drop is substantial. And another timing window is about to begin. If a buy signal is triggered, it could be pretty productive despite not having touched the 2066.00 target.

Back under 2068.00 (just now touched) would target fresh session lows. There is room for noise under 2066.00 down to 2060.00. And if that doesn”t hold, then the final hour could be especially ugly.

Back above 2073.00 (also just now touched) would start to signal momentum reversing up. By how much, and for how long, would not be assured.