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FRAN: Screams of covers into close today, high interest for the short tomorrow, higher the better early – into 14s would be great, but could see it just fading right from pre.
LCI: This offering should be the beginning of the end. May not be as simple as “short short short” tomorrow, but monitoring any good strength early to fade. This trade may work better on Thursday when less eyeballs on it, so cautious tomorrow, but monitoring to see how the action looks. Will likely avoid short unless any real good & quick parabolic shoves and treat it like a scalp idea.
OVID: This one set up nicely to really make a big shove higher tomorrow if it wants, great conso all afternoon down into 3 o/u, that’s the area of interest for me. If we open above 3 and get any signs of strength back 3.30+ could see this easily taking off into new highs 3.50-4. Weak open will not short this until it tests 3 from below and fails.
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See you out there!
– D
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