I will look for a further move to fist target then see if we reverse and fix lower structure or alternatively keep moving much higher before trying for that lower target.
So Tuesday look for a bit more to the long side, but not be dumb if market disagrees.
Will follow the action but using my targets as trade expectations.
So Tuesday look for a bit more to the long side, but not be dumb if market disagrees.
Will follow the action but using my targets as trade expectations.
Comment:
If you turn your attention to the weekly SPY chart you will see why it is unlikely I take a strong stand this week. If I do will comment again.
Comment:
weekly is inside inside, so far see no conviction to a side.
Trade active:
entered for lower target late yesterday, took both SPY and QQQ puts for different expires.
Trade closed: target reached:
I think we can say this played out and can be a concluded idea