why not stick around for the 3 o'clock pop or drop?stuck at 50% fibs at 4510.50. 48 points , done for the day
why not stick around for the 3 o'clock pop or drop?
why not stick around for the 3 o'clock pop or drop?
Sold 4500. Stop 4510. Small position.
EDIT: Make that 4515 on the stop.
Stopped on that one. - 15.
Prior to this trade I was long from 02 with an initial 10 point stop. When the market sold off from the Open for the 3rd time, I was convinced we'd finally head lower, so I scratched it at B/E and reversed short.
Staying with my original trade would have been + 22 right now, so now I feel like a tool.
Certainly is upside potential in the short term. Mid to longer term I expect lower prices and would not be surprised to see price rally to the "X" before turning lower.
View attachment 276863