Recently, i posted chart where I mentioned that i am not going to be too bearish
untill break down og this intermidiate trend line
. You need to be prepared for different scenarios with stocks
that are on your long/short watch list. When this scenario came into play, plenty of short opportunities emerged (check some of them in the link below). I still don't think that this 2 days selloff is the end of the world. If bears want to keep control, they should defend $1,937 (important), then we have resistance zone
I will be watching for tactical pullback, as it feels a bit oversold here, trading with stock
that show us relative strength
. Then short opportunities ("h"-pattern) on pullbacks from resistance zone
and moving averages.