Looking to start a short over the next two days with price target around 83.20. Will continue to hold until $76 area then look to exit.
Note
Volatility is still following the channel nicely, slightly trending down. Tightened the channel and waiting to go long tomorrow near $75.60. I think we will breakout to higher highs after that.Updated thoughts:
Trade closed: target reached
Sold my Call spreads today for a 96% profit. Will look to go short now as we are approaching the highs from Pre-Covid and last year. I am expecting resistance there and will most likely take profit early on those plays. Risk is heavier on the downside in this market.
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Disclaimer
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.