Nothing much to talk about here really. If this thing is going to 165 or greater then it has to pass thought the halfway 150 to 165 or 157.5.

It did, however, offer up enough resistance to pause it for four days...so far. Who knows, it could be a top but given that it closed above the 157.50...that's an indication its ready to go higher.

Had one been paying close attention to it friday afternoon when it was getting ready to close...a small buy could have been in order so as to be in position for further upage.

What more fun is there than sitting through the weekend with a new position that's more of a guess than a setup? Then there's the first indications come Sunday night that it might open limit down for five days...really costing you some serious money. Weeee...what fun!

The risk reward here is not good, I guess. Then again, when you're looking a chart that's already exploded to higher prices a small move that might look good any other time looks kinda small here. We're still dealing with a move from 157.5 to 165...that's 75 cents or $3,750...so, maybe it's worth a shot???

See what happens...