It hit the 618 of an important retracement. Whats better is it hit it when going down on monday, which is a day where panic is usually best taken advantage of.
stop: 12162
stop: 12162
Comment:
Ive picked the Nasdaq over other indices mainly because its more beaten down and because its more rate sensitive than the others, which is important because when the aggressive stance of the fed crumbles the Nasdaq will benefit the most.
Comment:
Stop raised: 12191
Trade closed: stop reached
Trade active:
Relonged. Need to re-evaluate how i place stops.
All the green flags are here for today:
-Ten Year notes came up significantly
-Crude is down
-DXY is down slightly and looks like it will go a lot lower
All the green flags are here for today:
-Ten Year notes came up significantly
-Crude is down
-DXY is down slightly and looks like it will go a lot lower
Comment:
oh woops the dxy is up slightly. still looks like shit