It's been a tough year
Haven't posted much because nice setups are hard to come by. This year has been very volatile so far. I do think we will see more of that in the coming weeks. One thing I have been looking for is for market to form another higher low. /NQ tested the 20sma wasnt able to hold so for tech I am watching what happens there. We could see another test of the lows or this can form a higher low as well.
On the other side I think small caps (RTY,IWM) can be a great short. Been watching this setup develop and I dont care to guess which way it breaks. If it cracks the lower trendline I will short and use that trendline as my SL. Same goes for upper trendline, that breaks and I will go for calls.
The best strategy for right now is to not be biased on market direction. Be flexible and able to change with market sentiment. For the most part I have been scalping and will more than likely continue until we see some sort of a trend develop.
On the other side I think small caps (RTY,IWM) can be a great short. Been watching this setup develop and I dont care to guess which way it breaks. If it cracks the lower trendline I will short and use that trendline as my SL. Same goes for upper trendline, that breaks and I will go for calls.
The best strategy for right now is to not be biased on market direction. Be flexible and able to change with market sentiment. For the most part I have been scalping and will more than likely continue until we see some sort of a trend develop.