Crazy day in the market these past few weeks. My bearish view finally coming into play. After Fridays performance however, I do believe we will have a small relief bounce. Bulls may attempt to fill the gap up at 400-402 area. Currently will start scaling out of my long position at 397. This market is not to be swinged. Current market conditions show that anyone trying to swing a specific direction will get slaughtered unless you give your position time. Day trade is the best option under such volatile market.
This is how i plan to trade. above orange line i will go long only after a confirmed restest in the 15min or 5 min time frame. rejected at the orange line, i will be looking to short back down to 380-381. we may see a leg lower, but for now i will go day by day trading what ever charts we are given. be safe trading this market guys.
short term long.
This is how i plan to trade. above orange line i will go long only after a confirmed restest in the 15min or 5 min time frame. rejected at the orange line, i will be looking to short back down to 380-381. we may see a leg lower, but for now i will go day by day trading what ever charts we are given. be safe trading this market guys.
short term long.