We sold short DJIA at 11145 yesterday, anticipating a pullback on the back of a near perfect triple top We are now out of that position for 70 odd pips
Our principal focus today however, is an entry long. As depicted on the chart below, despite small declines late in the trading day yesterday and early this morning (GMT), the DJIA is in the midst of a strong ascending channel and an uptrend which, at the time of writing, shows no signs of abating. We will look for an entry long then, circa. 11040 with an initial target of 11150.
Trade safely Flatbookers.
"Someone's sitting in the shade today because someone planted a tree a long time ago."
- Warren Buffett
No comments:
Post a Comment