The SPXU trade was stopped out at 38.06 this morning.
The technical indicator set-up is actually improving as this move to new highs has created a bearish divergence on the 60 min charts. On the 60 min chart above the middle frame is the MACD and is clearly not making new highs with price. I will still look to enter a bearish trade if this move rolls over with a good indicator set-up.
I don't think there's a good chance of that today, but maybe in the next couple days.
No comments:
Post a Comment