Overnight high is 939.75, current low is 928.00.
We are sitting at 930.50.
Since we are turning up and holding above the lows here, I suggest going with a "long position", but reverse and go short on a new low, risk no more than 3 pts in each case.
If the put-buyers are front-running their own sales, then we'll move aggressively lower today.
If we do get short on a new low under 928, then after 30 minutes, lower stop to breakeven.
Tim
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
STOPPED OUT ON BOTH TRADES.
Long from 930.5, stopped at 928.
Short from 927.75, stopped 931.
Standing on the sidelines for an hour for something else to set up. The put buyers are there, but just not selling enough stock to keep pressure on the market.
Post a Comment