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I see a plethora of inverted hammers and gravestone dojis on the Thursday and Friday candles of many charts, like on IWM above. I really don't see how anyone can touch this market on the long side.
Disclosure: I own IWM puts.
Welcome to Stock Geometry! This casual music and financial blog typically involves posts of music videos and candlestick stock charts looking at intermediate term trends. Think MTV meets CNBC. My positions fluctuate, but I’ll always disclose positions in posted stocks. You are responsible for your investments! – Dr. pythagoruz
1 comment:
Pyth hope your puts work out well, I also believe this rally is a little overextended and a correction is due any time. Long Puts on USO.
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