Pending double top trade setup on biotech Short

ProShares Ultra Nasdaq BiotechnologyNASDAQ

Description

⋅ Nov 30, 2015 5:42 PM

Waiting for entry on trigger.
Preferred to be closing below 68.73 on the daily or below 69.78 after 7th December 2015.

Needs permission from S&P. < 2069. Same double top pattern seen too, will probably move only after NPF or FOMC.

⋅ Dec 4, 2015 7:08 PM

Trade cancelled on 1% profit.
Strong recovery in the S&P today, doesn't look too good. Will look for better entries in future.

Comments

LastBattle

⋅ Dec 3, 2015 3:00 PM

Entered on ECB disappointing today... (needs moar money printing)

S&P500 building top too.