If you have lot of long stocks, consider this the 'calm' before the storm. You may have herd this before but today is ideal time to hedge correctly large long portfolio.
Once the drop starts it will be fast and painful. Sure there will be bounces but if one is not savvy enough trader in this calm market they sure as heck will make the wrong decisions when in panic mode.
Been there done that. So consider some hedges...
Once the drop starts it will be fast and painful. Sure there will be bounces but if one is not savvy enough trader in this calm market they sure as heck will make the wrong decisions when in panic mode.
Been there done that. So consider some hedges...
Trade closed: target reached:
It's possible that the downside pull back completed if the historical pattern operates the same way as the higher time frames
