Oil is vicious. I recommend staying away - catching this knife appears challenging to swing. Moving averages are about to collide, statistically this is saying in the bollingers that the trend down is VERY powerful. I don't think that much momentum is going to slow down too fast. GL trading this long - I'm sure there will be a few of you.
Currently in a short - I think it is lower we go.
=) Pay me premium! Another delta neutral trade where I will be making money regardless on if the market goes up or down.
Interesting how the ICH resistance held. We could also see on the daily in the bollinger that it could not handle that 3std push, and then it came to rest exactly at the furthest edge within 2stds. Interesting stuff. If this breaks out of resistance here it should be moving up. Would like to see more bullish volume though...
The TA looked a bit bearish prior to that black swan T tweet. I say go long this week and do it boldly - looks very bullish on the daily and on the weekly. GL Gold bugs.
- LOL not perfect but I'm suggesting a potential H&S =) As always - hit me! Price Trend - Upward leading to the pattern Shape - Looks like a head perched atop two shoulders. A 3-peak pattern with the middle peak above the others. The pattern should look like a person’s head and shoulders, proportional, and not lopsided. Symmetry - The two shoulders...
Currently in a short on $NQ futures. Timed it very well, and am up 14.2% just tonight. Expecting more of a drop tomorrow when the market sells off on this bearish news. Currently at fib resistance. this should break through and fall to the 200dma at least. This is my target.
Currently in a long of $SPX - rode the short all the way down to 2814 and then longed in three legs, 2812, 2806, 2800. Currently at 2793 - so I am sideways, however I rode into this long surfing the SPX pretty well. Position size is too large for my liking, and I need a new long tomorrow morning. We will see if the market delivers. Even closed out delta...
The weekly looks HORRIBLE. I'm short and think us shorts will be running. I would not be surprised if we see 2700 at some point next week. Bulkowski's has 2900/2740 6/1. The moving average in this next chart - falling in line with the fib will give resistance that may result in some sideways chop this week - good for my delta neutral trades. My short is also...