Bulls taking control into the lunch hour.
Transports, financials, consumer staples and health care leading.
Rest of the sectors in the red.
ES one hour looks like it is forming an inverted cup and handle? If there is such a thing. I tried to fade the open today at 1361.25 and got stopped at 1364.50. That is probably my only trade for the day. I am looking to try and fade it again at the 1372-74 level with a 1376ish stop in Tuesday's or Wednesday's session for a move down to 1338ish.
I did not hear a target, but he was not taking any long here, waiting for better prices... He could just be talking up his book as usual.
My 10% gain prediction from Friday is going to happen today.
Yes, that 25%-50% gain prediction I made last night was outlandish but it looked that way last night. I adjusted it this morning and both statements happened before trading resumed so no harm was done.
I am planning to exit UVXY EOD today and I suggested to buy it at pre-market or open only if they plan to exit EOD.
Your input is always much appreciated. It keeps me in balance
It's down...$13.97....should I sell?
Looks like its going up to me?
(please don't trade on this unless you want to lose money!)
As bad as it sounds Phil said to sell it at the end of the day so I was taking his advice on that...
But now I don't know if I should hang on for a while until it swing back up past $15.27...in a couple days/weeks?
But I don't know how to forecast that stuff...
Great advice. Also don't enter trades solely based on a recommendations from strangers on the internet. You have to do your own research and have a plan in place before you even enter the trade. You're going to come across a lot of people on all kinds of websites that make it seem as if the money is guaranteed if you follow their advice. More times than not, you'll find that exactly the opposite happens. The sooner you realize this, the sooner you stop losing money.