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The System is still long. The Score is now 2 (Trend 8, Turn -6). The stop-n-go-short level is now 1679.75 at 4hr support and rising. Another SOS day. I am expecting a pullback with support in the 1650s. Good fortune.
BH_Trade, The hourly technical indicators are very overbought while the trend is not 100% bullish. Yes, a new short position seems likely today. With a bearish Score, any new short position will have a looser stop 0.5% above 1684.
Surprising how weak the score is given the recent strong price move. Would think high odds <1680 hit at some point today.
ReplyDeleteBH_Trade, The hourly technical indicators are very overbought while the trend is not 100% bullish. Yes, a new short position seems likely today. With a bearish Score, any new short position will have a looser stop 0.5% above 1684.
ReplyDelete