Buy Strategy N100 buy another dip within the bottom range
Hi,
Having spent a lot on N100, here a position proposal for the evening or night before opening bell I'd say
Selloff is slowing down on the 15 min range so it may be valuable to look in the bottom range on chart up to 14360 for the best rebounce; all indicators rating are strong red so there can be some time for the happening; possibly set an order at the bottom: stocks are in a very weak trend not seen since 2008; now that PER are adjusted it's much safer, y-o-y is around 5% and lowest indice in the world since couple of month. Expected rates changes are already accounted and inflation can be very good for stocks if no depression: COVID is leaving room.
Futures are not optimistic on neither American indices, currently in the 'neutral' zone with 14750 expected end of 2022, super boring. The 3 2022 futures are on the same level so trading can be about trading BB for a while. Then see if unlikely 16500 is retraced by end of June which I now wonder
I got a long temper working to hedge it a tad
Having spent a lot on N100, here a position proposal for the evening or night before opening bell I'd say
Selloff is slowing down on the 15 min range so it may be valuable to look in the bottom range on chart up to 14360 for the best rebounce; all indicators rating are strong red so there can be some time for the happening; possibly set an order at the bottom: stocks are in a very weak trend not seen since 2008; now that PER are adjusted it's much safer, y-o-y is around 5% and lowest indice in the world since couple of month. Expected rates changes are already accounted and inflation can be very good for stocks if no depression: COVID is leaving room.
Futures are not optimistic on neither American indices, currently in the 'neutral' zone with 14750 expected end of 2022, super boring. The 3 2022 futures are on the same level so trading can be about trading BB for a while. Then see if unlikely 16500 is retraced by end of June which I now wonder
I got a long temper working to hedge it a tad
Comment:
Now the N100 is out of it BB 2.35 so it goes back up. It looks ugly, trend is too bad for this strategy, so one mod it with the 1h support and the triple bottom range
Comment:
1H support is 14280 and N100 is testing both