Valid: January 19th, 2020
Rationale: Funds will, at some point, buy up a bunch of cheap tech. We're also approaching the bottom of long term support. I want to scalp the next round of funds buying big tech. There is a historical shorter term demand/supply gap between 214 and 217.
Entry Rules
Rationale: Funds will, at some point, buy up a bunch of cheap tech. We're also approaching the bottom of long term support. I want to scalp the next round of funds buying big tech. There is a historical shorter term demand/supply gap between 214 and 217.
Entry Rules
- 5 minute close above entry point, indicates positive momentum.
- Purchase a strike near target
- Scalps - buy the weekly
- Swings - buy one week out
- Stop loss only after Entry, indicates sideway action is taking place, exit to avoid theta or downside.