US 30 Rollover: Engulfing Bear Candle

Happy 5th of July! Ominous portent in the candlesticks. Get confirmation on the close and Monday's price action- imminent throwover from ATH IMO.

Trade at your own risk; GLTA!

Trade active:

Shorting the midday retrace; GLTA!

Comment:

Looks like late PM bull to a Hanging Man. Monday will be...interesting.

Cut put position in half and hedged with short OTM puts. Trading QQQ and SPY.

Let's see! Enjoy the weekend!

Trade closed manually:

Rolled out of puts into calls on third down day. Might go lower but there's bullish undertone with dip-buying and short-covering EOD. Major indices are testing lower channel TL here and could spark another lift-off soon.

Comment:

Called this one too soon; waiting on Tuesday's candle for topping confirmation; look for a pin bar with 'abandoned baby' Doji.