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VANECK ETF TR VANECK LOW CARBON ENERGY ETFVANECK ETF TR VANECK LOW CARBON ENERGY ETFVANECK ETF TR VANECK LOW CARBON ENERGY ETF

VANECK ETF TR VANECK LOW CARBON ENERGY ETF

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SMOG trade ideas

SMOG LONGSMOG is a low carbon energy ETF. This set up will be more affected by the technical than politics. If Biden wins it will most likely reverse and retest with the green resistance, if Trump wins it will most likely retest red support. Play the break out on both sides if any of the trend lines break. From a purely technical standpoint, SMOG will most likely downward consolidate for a bit until it nears support then reverse. Optimal Entry Hold of the 0.382 fib (114.5) or a break of the 0.236 fib (118.35) and the red support must hold. If supports all break play the bear side. PT1 52w high area of 124.5 PT2 132.5 (have a runner only most likely will not hit) SL red support Contracts Note that this play is highly illiquid so do not enter if your broker have bad fills or you can't hold till exp. 12/18 115/125c bull spread (net debit should be around 3-4.5 I will post the entry prices when I fill) Since this ETF's fate will heavily be decided by politics, TA might fall apart very easily. Keep SLs tight, cash is king. 🦆
AMEX:SMOGLong
by Chabias_Trades