Strong price moves currently and likely will see higher volatility incoming 5 trading days also. Plenty of dark clouds hanging over the market right now but still guessing on a sideways or somekind of a corrective move incoming week 40.
1. Still need to put in a lower low to kill off some tight long stops
2. Still might need a short cover event for a more significant bounce to take place (a lower low to stop out tight longs and a push/gap up to start gunning short stops)
Let's see how it plays out. Using smaller positions in current environment is suggested.
Take care and GL!
1. Still need to put in a lower low to kill off some tight long stops
2. Still might need a short cover event for a more significant bounce to take place (a lower low to stop out tight longs and a push/gap up to start gunning short stops)
Let's see how it plays out. Using smaller positions in current environment is suggested.
Take care and GL!
