The market corrected as expected on what seems to be the micro W4 on the chart and if the reversal that followed is the W5 then we're looking at 1906 as soon as tomorrow. I added the length of W1 to today's low to come up with the target which is in the original range I had talked about when resistance broke. So I assume whatever news we get tomorrow is going to be used as an excuse to rally.
My VXX position did not go into positive even with today's correction but I sold it as a position trade. So I will be buying it back in the 1900's or in the 39's hopefully..
Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish
No comments:
Post a Comment