US30 - Trading near key support. Watch for more downside
Updated
Observed limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.
I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
Note
In my opinion, we will see sharp pump towards and into Friday session before huge dump on Monday. There will be a lot of news in the coming days about possible deal with Xi, but that only be there to propel stocks higher before the dump. As always holding ordinary investor at a loss on Sunday futures open. We shall see...Trade closed: target reached
Congratulations, another 100 pip profit in such dangerous market conditions. Stay put for more trades.
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