TLDR; I just don't see the worth staying in what I mentioned would be a good entry point, which was the day change (19813) or the low near the hull average at 19755 (hull was at 19742).
I still think the entry spot was a good one, just that the abnormal PA has been too much and the chances of it going down before the market opens seem a lot greater.
It would be more or less a no loss trade or on whatever commissions were entered, but it seems a lot safer of an option than staying in a trade.
At most the best is to wait for the market or for it to return above the hulls on the 4hr and 2hr. Both are almost at the same level of 20015 and 20008.
I still think the entry spot was a good one, just that the abnormal PA has been too much and the chances of it going down before the market opens seem a lot greater.
It would be more or less a no loss trade or on whatever commissions were entered, but it seems a lot safer of an option than staying in a trade.
At most the best is to wait for the market or for it to return above the hulls on the 4hr and 2hr. Both are almost at the same level of 20015 and 20008.
Comment:
Update Part 2: More in depth than the first update today. Possible market movements based on what we have seen this weekend and last week.
