BrownBearTrades

Last Drop of Hopium

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
Bullish divergence on the oscillators, creeping up the descending channel, and finding support on the 23.6% retrace from the "COVID Crash" low.

This is the last bit of hope before we descend into true bear market territory.
Comment:
Divergence still valid going into the weekend after a red Friday. Closed the day almost directly on the 0.236
Comment:
tomorrow will be the day of reckoning for this idea. the case is still strong
Trade closed manually:
closed out almost all of my calls ahead of the J Pow speaking today. letting some ride for free in case of a strong upside reaction to J Pow
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