Looking at charts purely--most of them gapped to resistance moving averages and down from there but personally I think bottom is in.
I think it will pullback a bit for a week to two weeks while some sectors (oil, commodities etc) will take off sooner than others. Got USO $81 calls on Wednesday.
After consolidation I think it will set it self up for a good Nov dec rally.
These are just opinions but I just follow the charts.
Good reversal days like this are generally setups for possible trend setups in opposite direction.
Trade wisely
I think it will pullback a bit for a week to two weeks while some sectors (oil, commodities etc) will take off sooner than others. Got USO $81 calls on Wednesday.
After consolidation I think it will set it self up for a good Nov dec rally.
These are just opinions but I just follow the charts.
Good reversal days like this are generally setups for possible trend setups in opposite direction.
Trade wisely