26/07 Week, page-238

@Gali Depends on the US tonight, but I don't think she wants to go down.
Probably pure luck, but it followed the path I suggested this morning (before and after).

Before

After


So went down to that 388 target.
But, mid-term, I think XJO has her eyes on 7550; and that's why the night algo is protecting it.

During the evening dump, every market hit the next major support. FTSE hit the lower bound of the up channel; China with a massive dump down to the next key level at 14600; etc.

But XJO only went down to 7388 gap, which suggests she is waiting for other markets to bounce, so she can ride on it.
Again, things can change if US falls tonight. But for now longs may actually be the way to go.

I personally had a partial cover on that 388 target. Will abort the rest of shorts if today's high is taken and instead will try higher.