Chop Chop, 18th October 2022

🖼 Daily Technical Picture 📈

➤ Prices did at U-turn (again) and reversed all of Friday's losses with Financials/Banks leading the way. We are back in a ranging market with this yo-yo type action. Prices may attempt to move higher to the top of the larger range if VIX continues to contract.

➤ I took profits on my European long positions as exit signals were given by my Strategy. I added a small long position in S&P500.

➤ I'm long with +20% exposure. I may add more US exposure if prices weaken. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➤ Conclusion: I don't know when the chop will stop. It can be a tricky environment to trade especially with such large daily moves.
Chart PatternsDAX IndexdjiaS&P 500 E-Mini FuturesTechnical IndicatorsQQQSPX (S&P 500 Index)S&P 500 (SPX500)stoxx50Trend AnalysisVIX CBOE Volatility Index

🏆 eToro Popular Investor 💰

✅ Copy My Trades @ eToro, etoro.com/people/mrstocky

✅ Verified Track Record 📈

Not Investment Advice
Juga pada:

Penafian