Daily: - Watch Heikin-Ashi candle close today. It may print an inside candle or a doji. haDelta did not make a lower low and crosses above SMA3. - EWO is still extremely low, may start to bottom. - Upper bearish supports are: 1,4460 / 1,4740 / 1,4950
4H - Bearish channel, but price pops from the low - Heikin-Ashi short term bullish swing, but for a decent pull back we need a confirmed higher low and higher high, and of course break of Ichimoku averages later - Supports came down to 1,4360 and 1,4445
Strategy: increase size of April +1,4750 / -1,51 Call spreads. Not yet signal for outright buy.
Comments
Kumowizard
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Ooooh, Mark! What have you done? You ruin my options nasty useless central banker boy! When was it when he pledged to hike for sure in 2016? ...Was it like two months ago? :-)
Lesson: if we try to catch a bottom on an "oversold" market, trade safer with options (previously limited stop in 2-3 months time), not outright immediately.
Lesson: if we try to catch a bottom on an "oversold" market, trade safer with options (previously limited stop in 2-3 months time), not outright immediately.