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caputo.philip
Oct 7, 2016 5:48 PM

***Long Opp*** Long

Description

1) Long term trend is up given by the 89 day sma over the 89 week sma.
2) Recent price action has created a great opportunity to trade with the trend!
3) Spike in volume.
4) Fractal momentum has reached a maximum to the negative.
5) Fractal acceleration has turned positive.

One could buy the future contract or short the put option for a more conservative approach.

Trading futures and derivatives involves serious risk of financial loss and may not be suitable for all investors.

Comment

We now have a double bottom forming.
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