Big move this morning. Unfortunately got short into the close yesterday as it was at the top of its range, but neutral trend. Definitely bullish trend now so will cover at the open. However, a bit extended now and would expect a retrace to the 62% fib.
Gold at top end of its risk range, corresponding with yields at low end of their RR. Would expect to see a pull back here if bonds do the same.
Lower end of range. No play for me here. Close below swing low and low end of RR is play.
Took profits at low end of RR. Could like for counter trend bounce here, but since bearish trend, no play for me. Feel free/please comment!
At bottom end of RR. Could play for a counter trend bounce here, but since NG is bearish trend, no play for me. Feel free/please comment!
Middle of range right now. Would like to see it back at top of RR for a short opportunity. Feel free/please comment!
Covered shorts today when it got to low end of RR and swing low. Looking to re-short any bounce that gets to top of RR. This is the best indices to short imo as it doesn't have FANG components and most companies in index are levered and produce no profits. Free free/please comment!
No play for me here as this is middle of range, but wanted to provide levels. However, I did go long $MSFT, $SNAP, and $ROKU into the close as they are bullish trend and were at the bottom of their respective RRs. If we have a down move tomorrow, I have plenty of shorts in country ETFs that would more than offset P/L impact. Feel free/please comment!
Getting a slight bounce here off the bottom end of my RR - no position currently however, loaded short in multiple country ETFs (they don't suffer from the American FOMO) 1Hr candle close below 78 fib and could see retest of 50% fib (off big down move in feb-march) or even swing low. Oversold in the short term though, so wouldn't be surprised to see a bounce...
Decent move. Looking to short at top end of my RR. Still bearish trend.
Favorite index short here, least influences by FANG. Looking to short again with break below 62% blue fib zone.
low volume bounce after yesterday's puke. Looking for testing of midline or maybe even wedge before next leg lower.
I am long this from bottom of RR. I would be taking some profits at 62% fib.
Looks on the verge of big move down. However, at the low end of my RR already, so no play for me.