2/May/2019 11:24 AM
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Spy Key level
IWM and RSP key levels
Qs breaking RSI TL and falling below 70.
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Assuming we dont get an intraday reversal:
Get defensive. Difficult to put on a short position here as momo has not shown itself yet.
Ask yourself if then's to determine where to manage size and risk.
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Fully aware I published a long idea saying no reason to be short yesterday before open...
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--
Spy Key level
IWM and RSP key levels
Qs breaking RSI TL and falling below 70.
--
Assuming we dont get an intraday reversal:
Get defensive. Difficult to put on a short position here as momo has not shown itself yet.
Ask yourself if then's to determine where to manage size and risk.
--
Fully aware I published a long idea saying no reason to be short yesterday before open...
======================
Comment:
Any daily RSI closes below the 50 level would give confirmation to not have risk on the long side.
Comment:
Alternative view assuming a bias of "buy the dip"
If RSP can catch support at the dotted upward TL could be constructive
If RSP can catch support at the dotted upward TL could be constructive
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