US30 - Trading near key support. Watch for more downside

Observed limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.

I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.

Komentarz:

In my opinion, we will see sharp pump towards and into Friday session before huge dump on Monday. There will be a lot of news in the coming days about possible deal with Xi, but that only be there to propel stocks higher before the dump. As always holding ordinary investor at a loss on Sunday futures open. We shall see...

Transakcja zamknięta: osiągnięto wyznaczony cel:

Congratulations, another 100 pip profit in such dangerous market conditions. Stay put for more trades.