high RR Stop lose above resistance. Snap went too high too fast, now RSI is overbought + divergence. Also there is a resistance. Short.
updated from (29 oct) that was saying: P500 retest 52w low, next support if broken: Weekly MA 200. We've now tested and bounced on Weekly MA 200. Most likely market will remain extrmely volatile. We will retest MA200 W shortly after: 1) failing to produce a higher high on daily or 4 hours 2) failing to go above resistance 2534. Question is more about if the...
Seems like a continuation move. Long 24$, stop 16.9
If support doesnt hold, strong short. Low risk/High reward Open short 24.30, stop lose 27.5 Increase short at 21.40 and 18.
Is support doesnt hold, strong short. Open short 24.30, stop lose 27.5 Increase short at 21.40 and 18.
More upside to trade this right now than downside, it's an easy long.