GS has a inside day after earnings, and it's one of my favorite trade!
The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news.
What we focus on more is the direction it breaks.
If it's able to break to the upside, it means it shows great relative strength and it's still a nice long; If it breaks to the downside, then it will pretty much be a short-term trade as I am not bearish with the stocks yet.
Also, there is a potential bat pattern entry
I drew this kind of pattern several times as it can give different strategy depending on different kinds of scenario, so I have a clear mindset to deal with the unpredictable market movement.
The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news.
What we focus on more is the direction it breaks.
If it's able to break to the upside, it means it shows great relative strength and it's still a nice long; If it breaks to the downside, then it will pretty much be a short-term trade as I am not bearish with the stocks yet.
Also, there is a potential bat pattern entry
I drew this kind of pattern several times as it can give different strategy depending on different kinds of scenario, so I have a clear mindset to deal with the unpredictable market movement.
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nice daily shooter that gives better entry!
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nice shooter breakout to get the 1:1 kick, trail the others
