Mr. S&P500, it's decision time again.
So, here we are, below the red Center-Line.
What now?
If the Bears are successful, then we go south.
Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first.
On the other hand, P3 could be in and we get a bounce up for a re-test to P4.
This is a tricky situation.
Even more because the Nasdaq looks ready for a rebound.
What shall we do?
To me it's clear:
- if I short it, then my stop is above the CL. I don't know where yet, but it will not be super close. I rather play it with Options to give my idea more time, even if we get a bounce for a re-test of the L-MLH (gren) or the white WL.
- If I wait for more information, I accept the potential for not being on the Submarine if it tanks. What would I loose? Nothing - there's always another trade.
- And finally, on a re-test of the green L-MLH/WL, I can stalk a short from there.
Isn't that relaxing, to have so much opportunities? §8-)
Play it save Tr8dingN3rds.
What now?
If the Bears are successful, then we go south.
Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first.
On the other hand, P3 could be in and we get a bounce up for a re-test to P4.
This is a tricky situation.
Even more because the Nasdaq looks ready for a rebound.
What shall we do?
To me it's clear:
- if I short it, then my stop is above the CL. I don't know where yet, but it will not be super close. I rather play it with Options to give my idea more time, even if we get a bounce for a re-test of the L-MLH (gren) or the white WL.
- If I wait for more information, I accept the potential for not being on the Submarine if it tanks. What would I loose? Nothing - there's always another trade.
- And finally, on a re-test of the green L-MLH/WL, I can stalk a short from there.
Isn't that relaxing, to have so much opportunities? §8-)
Play it save Tr8dingN3rds.