As stated in the morning, I believe the whole market is coming into resistance so as a contrarian trade, there may be a short opportunity between $2650 - $2700, stop around $2750s as a place to get out but you can target $2475 down to $2425 as an area for take profit. Quite possibly as deep as $2300s.
Again - I would NOT take this short and I don't think it's wise to bet against the strength we've seen so far, this is only for those who have bigger risk appetites.
Remember, the trend of the overall market is UP! Do not bet against it, unless you have skill and experience to take on hedges in small time durations.
Not investment advice
Again - I would NOT take this short and I don't think it's wise to bet against the strength we've seen so far, this is only for those who have bigger risk appetites.
Remember, the trend of the overall market is UP! Do not bet against it, unless you have skill and experience to take on hedges in small time durations.
Not investment advice
Comment:
Small time frame outlook
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