Futures and pre market prices have moved outside of upper channel boundary, which is worrisome for near term shorts, but hit 0.786 retracement which usually means continues down
Hopefully will close by EOD inside of channel, in which case trend should continue move down.
Otherwise I will exit my long puts and simply stay with OTM call credit spreads.
Hopefully will close by EOD inside of channel, in which case trend should continue move down.
Otherwise I will exit my long puts and simply stay with OTM call credit spreads.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.