![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvbB_2cBPS2xu8pWELlJtxmgDVZ4t016K7PCvYSM04H0aCSaB-2DFE9cq8xUC4kb9lTXeyqyP1AVxZ3UqprNPUt_F6dimZAsAWNTXQUyLK3XD2b0Xz8qNjpb_tLrX058wnEkxOmD1vD23j/s320/count0917.png)
The market did gap up as I was speculating but it did not reach the upper trendline (marked green) on the broadening top. So there is a possibility for the market to make a run to that trendline before reversing. I sold my hedge and traded my SDS positions and improved it 1.5 points. So I am going into the weekend short and unhedged. Normally, I would have kept some of the hedge but the last few minutes of the session had an impulsive wave on the sub-minuette (second chart), so I am trading assuming that was a W1-W2 of a "C", which would make the market gap down on Monday. Whatever it is, optimism is reaching an extreme based on no news. If we make another high, I will use margin to short.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_FAEavl_5EtvZgDTGnlcZNfZnvazo_laa2cxY8uAC6Dx3Oufozif5pB4hqpgBDakvL2Ax5IrzBu9zehrRGUNxpQcVwfvD4h8X6nItbVSESD31MZ4mYFqFX70mXQe7SwTec6PFxt-U1geg/s320/count0917a.png)
No comments:
Post a Comment