We see MACD tightening up, bollinger top band going horizontal with a pronounced upward bias, in a down market. Add to it the obligitory rallies into a major holiday and some nice profits are there to be taken.
I am going try and enter monday with a limit buy at $6.20 at the open (depending on futures) and bailout at $10.30 on a limit sell.
Yes, that’s all I'm saying, in and out. Take profits quick and cut losses even quicker, the quick and the dead. Until this mess and volatility smooth out we are all just renters here. In fact with these ultra-funds playing market sediment has never been more profitable.
I will try to enter quickly Monday with a tight S/L.