Hello
You can see the weekly RSI divergence on US30 chart. I am expecting last week's sell off (accompanied by high volume) to continue in next few weeks...but this week there may be a correction.
As with Oil, I am bearish on stock market. I am out on both trades after shorting them last week and taking profits.
Waiting for more correction, to short USOil and US30(DOW)
If you have a lot of spare margin, you can start adding small shorts now if you really don't want to miss the opportunity but...
I personally will wait as opportunities are endless and I like to get into the trade where I feel comfortable, and not force myself into trade.
Ideal scenario: US30 goes up, and we can short around 27000. But it may not go that high, so I will watch the chart closely and try to get some shorts in, as high as possible.
And for USOIL, looking to short above 53.50/54. Again, it may not reach that point and I may enter the trade below that price.
I will update what I do here, if you want to follow
You can see the weekly RSI divergence on US30 chart. I am expecting last week's sell off (accompanied by high volume) to continue in next few weeks...but this week there may be a correction.
As with Oil, I am bearish on stock market. I am out on both trades after shorting them last week and taking profits.
Waiting for more correction, to short USOil and US30(DOW)
If you have a lot of spare margin, you can start adding small shorts now if you really don't want to miss the opportunity but...
I personally will wait as opportunities are endless and I like to get into the trade where I feel comfortable, and not force myself into trade.
Ideal scenario: US30 goes up, and we can short around 27000. But it may not go that high, so I will watch the chart closely and try to get some shorts in, as high as possible.
And for USOIL, looking to short above 53.50/54. Again, it may not reach that point and I may enter the trade below that price.
I will update what I do here, if you want to follow