Following a big rally on Monday, a semi-decent one yesterday that fizzled out mid way through the day resulting in a 700 point drop from the high. I am expecting today to be relatively neutral to negative.
No real new stimulus for the upside other than the FOMO of retail clients jumping into the market.
This morning, the RSI and CCI went oversold shortly after the UK open, it is a good opportunity to buy in with limited risk and had yielded 150 points in profit.
Will be looking for a short later in the day.
WallStTraderandCoach - 5+ years of trading my own funds, Coach, Trader, Speaker and world traveller. Turned 10k into £1M in first year.
ALWAYS use a stop loss, NEVER move it. ALWAYS put my own money behind each trade. Profits and losses are my own.
No real new stimulus for the upside other than the FOMO of retail clients jumping into the market.
This morning, the RSI and CCI went oversold shortly after the UK open, it is a good opportunity to buy in with limited risk and had yielded 150 points in profit.
Will be looking for a short later in the day.
WallStTraderandCoach - 5+ years of trading my own funds, Coach, Trader, Speaker and world traveller. Turned 10k into £1M in first year.
ALWAYS use a stop loss, NEVER move it. ALWAYS put my own money behind each trade. Profits and losses are my own.