Your favorite person to countertrade with a new trade idea here!
this rallied back into what is now resistance, market structure is broken lower and now considered bearish.
this rallied back into what is now resistance, market structure is broken lower and now considered bearish.
Trade active:
went higher than expected but still valid.
exiting half position at the lows (25400) if we get there.
exiting half position at the lows (25400) if we get there.
Comment:
although this is going sideways, i think its not going to resolve higher. SPX is at resistance and looks peaked. I think next week is a bloodbath
Trade active:
looks like it did in fact turn into a bloodbath. closed half at 25400.
Trade active:
added more at 26200 (put back what i took off at 25400)
Trade closed: target reached:
took off again what i added at 26200 and closed rest of position. All in all this has been a positive 2R position as i compounded and removed and round tripped a small amount.