Initial decline of 200DMA 431, down with gaps from 410 down, possibility of reclaim to 375 and maybe gap fills upward, I am skeptical but we will see. Thursdays move was too extreme for me to get a proper measurement off the engulfing candle from my typical pitchfork plots on a longer time frame.
First spot clear would be breaking 370-373-375 and upwards, however it could be wrong but we will see.
First spot clear would be breaking 370-373-375 and upwards, however it could be wrong but we will see.
Comment:
Note to be wary of options expiring this week, and it could just be another squeeze on short positions. As usual, its up in the air on long trend, since I only ever do intraday.
Comment:
However going to 330 is not impossible, into the end of the year, we will see how the channel plots out.
Trade closed: stop reached:
Long invalidated
Comment:
200DMA has dropped to 411
Comment:
200 406.08 descending still
Trade closed: target reached:
Trade is over-all done for me, a lot of flip flopping in my first year of ETFS, but chart came along. So -idea- closed-