Might be a Bearish day on GDP news
Hey guys,
Just and trade idea on the back of a massively strong day which nearly always gives it back the next day so i wouldn't be a buyer right now. I'm more on the side of shorting for another down day before the markets go to the higher long term down trend boundary. We have GDP numbers coming out and I don't see how they will be good must likely negative and recession confirmed hence why the white house wants to change the definition. Apple and amazon earning are the only wildcards, they could pull the market higher as most of big tech have rallied after earnings.
The VIX & VXN both look ready to blast higher tho charts below. This gives me more of a downside bias and with 3-1 risk to reward worth taking.
Please like and follow for more ideas and trade setups
https://www.tradingview.com/x/5X2JKTGP/
https://www.tradingview.com/x/RKK89rJo/
Just and trade idea on the back of a massively strong day which nearly always gives it back the next day so i wouldn't be a buyer right now. I'm more on the side of shorting for another down day before the markets go to the higher long term down trend boundary. We have GDP numbers coming out and I don't see how they will be good must likely negative and recession confirmed hence why the white house wants to change the definition. Apple and amazon earning are the only wildcards, they could pull the market higher as most of big tech have rallied after earnings.
The VIX & VXN both look ready to blast higher tho charts below. This gives me more of a downside bias and with 3-1 risk to reward worth taking.
Please like and follow for more ideas and trade setups
https://www.tradingview.com/x/5X2JKTGP/
https://www.tradingview.com/x/RKK89rJo/
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