I expect the price to float above 1200 as we wait for SEC to announce the ETF outcome this Friday. This is a good opportunity for a very short-term long. Be on your toes at all times. Good luck trading!
I recommend closing this trade at 1204. I foresee a bullish reversal after it hits 1205-1215.
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Congratulations! We just made a 3.73% profit on this trade.