US 30: CUP & HANDLE UNDER TL

There it is; double bubble under the TL; test of resistance.

Critical juncture: may reject from Tl and sink further, or breakout higher to rally. Maximum risk now; holding no positions.

Longer term: Extremely Bearish.

Trade at your own risk! GLTA!

Kommentera:

Took up small positions in SPY/QQQ/DIA October puts ITM spread diagonal with OTM weeklies on this EOD rally. See if it gets follow thru Weds or consolidation.

Kommentera:

Got the handle in today's cup. There is a gap to fill up to 26450; it may never fill but there is the retracement target; 50% Fibo retrace on the drop is ~26500.

Kommentera:

It forms a wedgie in the 15m last hour at EOD...

Kommentera:

Futurz flipped; looks like the short side will pay today after all. I would not bet on a countertrend rally here; the trend is still down. Short any rally! GLTA!