Short

Negative divergence on the daily stochastic

Updated

I have a feeling the chop zone is going to end by Monday. The negative divergence on the daily stochastic suggested it will break down not up. First target is 28. Second is 26 for gap fills

Note

ignore the P/L bars. I forgot to take those off

Note

The chop zone did end, but to the upside! However I'm not exiting yet as the divergence has only widened. Ill give it more time to play out.
Perhaps I shouldn't let macro influence my decision, but yields, oil, and soft unemployment's numbers are screaming recession. Falling yields have driven this rally up. Now its only a matter of time before yields fall too much and rug pull equities.

Note

Divergence resolved to the upside. I lost my premium. Cant win them all!

retailmonkeybrainz

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