Renko chart shows weakness
I purchased a put at 2107.5 strike for $58 and
a put at 2095.5 strike for $80
because of the weakness showing in the Renko chart. My target of 2100+ was hit last week and my call options all closed in the money. It seems time for a breather and the Renko charts are showing weakness for now. If things turnaround I will watch for that since the overall trend is up. This counter-trend move could be short lived. A profit tomorrow would be enough for me but we will have to watch Renko for direction.
a put at 2095.5 strike for $80
because of the weakness showing in the Renko chart. My target of 2100+ was hit last week and my call options all closed in the money. It seems time for a breather and the Renko charts are showing weakness for now. If things turnaround I will watch for that since the overall trend is up. This counter-trend move could be short lived. A profit tomorrow would be enough for me but we will have to watch Renko for direction.
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