Watching Consolidation Levels For The Next Big Move

2014년 10월 17일

The market's had a nice recovery since
my buy around $288. The market has
pulled back after going over/under ~$400.

Right now I'm not super-excited about longs
or shorts, but watching to see what happens
in between $375-$390.

If the downward channel breaks, we could see
a "popped stop run" to retest $410, but another
possibility is a snap of $375 for a washout to test
$350.

I would WAIT FOR CONFIRMATION before taking
ANY trades, that way you don't get chopped up inside
consolidation.