Weekly Chart
* Weekly close: 294.75* Weekly high: 297.91* Weekly low: 285.94* Weekly gain: +$11.07
Daily Chart
* Daily close: 294.38* Daily high: 295.97* Daily low: 291.42
Watering Hole Levels
🔵 High Ground
* 297.91 (weekly high)* 295.97 (daily high)
🟡 Watering Hole
* 293.16–294.75
⚪ Midline
* 290.37
🏜️ Desert Zone
* 290.37 → 293.16
⸻
What I See
The weekly chart is still making higher highs and higher lows.
Price:
* Swept 297.91* Pulled back* Closed above 293* Stayed above the watering hole
That is not a bear takeover.
That looks more like:
1. Bulls ran price.2. Took profits near 298.3. Bears tried to push lower.4. Bulls defended 293–294.
Friday Game Plan
🐂 Bull Case
* Above 294.75 = bullish continuation.* Above 295.97 = attack on 297.91.* Above 297.91 = new highs possible.
Contracts:
* 295C* 296C* 297C
🐻 Bear Case
* Lose 293.16.* Retest fails.* Target 292 then 290.37.
Contracts:
* 293P* 292P
Blood in the Water
The real blood in the water is below 290.37.
If bulls lose that level, there is a lot of trapped buyers from this week’s move.
Until then, the weekly chart still belongs to the bulls.
Friday Hunter’s Map
Calls Above: 294.75 → 295.97 → 297.91
Puts Below: 293.16 → 292.00 → 290.37
Desert Zone: 290.37–293.16
Watering Hole: 293.16–294.75
High Ground: 295.97–297.91
The first 15-minute candle tomorrow will tell you whether they want to defend the watering hole or drag price into the desert. That’s the level I’d watch before choosing calls or puts.