Adding a little $SQQ to "once again" hedge my portfolio against some downside risk. This strategy has not paid any dividends lately, but it's still worth while doing this for some downside protection. A breakout of the rising wedge will also stop me out.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous two trades can also be seen on...
spx 500 is giving us an other chance to enter its rally up. Entry was found in the 5 minutes its a 1 to 8 risk/reward ratio to the 5 minute high, i would personaly try to ride this to the all time high
Dow Jones 30 (US30)
1H time frame
My prediction is it US30 is going bearish towards 33277.
Obviously there will be some zig zag movement which i will be doing separate briefs on.
If you like my analysis and brief give it a thumbs up.
If you have any questions feel free to leave a comment below or send me a direct message.
THIS IS NOT...
Technical Analysis and Outlook
Our Inner Index Rally of $4,545 was hit on Thursday. The Spooz is currently in a tight trading range, and we are awaiting intermediate confirmation of the trend. However, a drop to Mean Sup $4,469 is a strong buy and provides ample opportunity to load the boat for resurgence to retest undeveloped key resistance and completed...
Gold is consolidating higher, earlier I assumed more active growth to resistance, followed by a pullback.
Now the consolidation has dragged on, but there is no rollback beyond the support level , so I expect the price to rise to the level of 1833
Some weakness seems to have taken hold in this seemingly "bullet proof" index. Predicting any kind of weakness in this index and acting on it was a futile exercise for many years. A flat top formed on this index and as the saying goes "a flat top causes a drop" seems to be the order of the day for now. A cautious target of 14100 seems like the first support level...
So from the daily perspective the price has created huge impulse move to the upside meaning i would love to see a pullback before another continuation to the upside , so right now i am selling a pullback due to the confirmation i have i am satisfied to sell US30
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Previous trade was covered by myself yesterday in a trade idea please see below.
Lets see if this trade can make it three out of three TP hits. ...