With earnings really kicking in next week the time is ripe for a big move. I don't like to predict prices, I find it introduces bias, so I try hard to stay with trends.
If we can clear ~2880 off some good ER or positive press, we could see further upside within the large channel. However, if things start to sour on ER releases, and we break ~2630, I would recommend being hedged or in cash.
Nothing on the table for earnings right now. Sticking to playing long term leaps into 2021 and 2022 for a few companies and will be hedging hard for the downside risks to capitalize on what I see as the inevitable outcome, down big.
If we can clear ~2880 off some good ER or positive press, we could see further upside within the large channel. However, if things start to sour on ER releases, and we break ~2630, I would recommend being hedged or in cash.
Nothing on the table for earnings right now. Sticking to playing long term leaps into 2021 and 2022 for a few companies and will be hedging hard for the downside risks to capitalize on what I see as the inevitable outcome, down big.