I have reduced my risk greatly in the last couple of days. I am very hesitant to play here. Bullish momentum is and has been building on the "longer frames" (1D+) for a couple of days now whilst the "shorter" time frames (1D-) are showing signs of exhaustion. With that being said, I am inclined to play bear and I have a couple bearish positions heading into the...
Descending Wedge with some serious volume coming in, Im watching for a retrace to resistance around 396 EOD into tomorrow. VIX looks like it wants to consolidate downwards after ripping all afternoon.
Looking to take up a swing position into ETSY. I dont know that this price target will be fully met. it is a fib retracement level that was left hanging, and it appears a leg up could be in order. Assuming we dont lose support as it sits at a key level and also at near the 200EMA.
