Hello again Trading View.
Market opened with a gap down of -2% due to new Israel-Iran fighting round, right at the beginning huge buying pressure stepped in which was a good signal that the market is going to correct back up.
Since I do not think those news are going to affect the Israeli economy that much, and in addition to the fact that the index has pulled back in price the last couple of trading days, this in fact making this low is a buying opportunity in my opinion.
Entered long with some ITM calls for end of June 30 minutes after market open.
Failure to hold 4400 level will be a sign for me that my idea was incorrect, although - market was closed above 4280 which signals a very bullish move can come up ahead, let's hope.
BZH
Market opened with a gap down of -2% due to new Israel-Iran fighting round, right at the beginning huge buying pressure stepped in which was a good signal that the market is going to correct back up.
Since I do not think those news are going to affect the Israeli economy that much, and in addition to the fact that the index has pulled back in price the last couple of trading days, this in fact making this low is a buying opportunity in my opinion.
Entered long with some ITM calls for end of June 30 minutes after market open.
Failure to hold 4400 level will be a sign for me that my idea was incorrect, although - market was closed above 4280 which signals a very bullish move can come up ahead, let's hope.
BZH
Hagai VInik
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hagai VInik
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.