CAD a little stubborn these dayslooks like a good short opportunity to me :)
don't forget to manage your risk accordingly; beak even stops or trail stops depending on PA
Manage
BSV is at an important level. 180$Bsv previous major drop was from this same price point back a month ago. Dropping all the way down to 79$ area. After that massive sell off it did go up to 158 then 180$ then all the way up to 227$ then back down to 190-180$ area. It’s hovering lower than it should and the previous high was lower than the 227$ a few weeks ago. It’s either week and looking to go to 150-100$ or it’s getting ready to go above 200$. I’ve already purchased 25% of my new funds @182$ If it goes higher I’ll wait for a dip to go in 25% more. If it goes lower I’m going in with 25% more. In the mean time I’m also looking at oil.
NASDAQ Update: Not too bad so far: stops for shortsNasdaq 100: Has held up really well due to Dollar stabilising - please check DXY comments also as this is the lead indicator right now, if there is one. Need to manage these stops now as per comment and keep an eye on all shorts to see how they hold up...Still believe dollar has further to fall, despite this attempt to rally...but it could be enough to derail the Nasdaq short in meantime if not careful...do not want to see Nasdaq above 5610 if a bear, that's for sure.
