I realize the title sounds like a bad horror film but work with me here.
Our month has been quite interesting and I am thinking about several potential plays here. The chart should illustrate some of my thinking. The arrows are simply rough thoughts about momentum.
A long position from sub 310 sounds nice at this point.
Be sure to use make it mine and zoom out to bring some perspective.
Comments
Burrmarket
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In retrospect the trend lines were old and a little funky on this chart but the idea is sound. I'll publish a revised idea soon.