I draw support and resistance lines weekly on the various time frames, just to give myself an idea of where things might change direction.
Currently I am nervous about whether 187 will hold or not.
The volume on the daily makes be believe we will bounce, but there are a lot of retirees out there that do not want to lose a large chunk of their retirement if it breaks through 187, 182 and then down to 174.
I'm staying conservative in this overall downward trend. Sell 1 vertical Put spread then sell 2 vertical call spreads depending on where I see resistance or support. Good luck, I hope not to get any really bad news this weekend.
Currently I am nervous about whether 187 will hold or not.
The volume on the daily makes be believe we will bounce, but there are a lot of retirees out there that do not want to lose a large chunk of their retirement if it breaks through 187, 182 and then down to 174.
I'm staying conservative in this overall downward trend. Sell 1 vertical Put spread then sell 2 vertical call spreads depending on where I see resistance or support. Good luck, I hope not to get any really bad news this weekend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.