.... allow an up-reversal once more for your short entry trade..

2023년 8월 20일

Traders have been hit on the wrong foot with the unexpected deeper technical correction and the general mood is changing therefore. Currently, indicators are showing over-sold conditions and we should allow price to reverse to the upside technically from a level of approx. 4330. Nevertheless, cyclically, we enter a cycle trough into end September/mid October.
Putting things together and also considering my other posting "Direction clearification on interest rates" on TMF, we can hope for a better entry point into a short trade from 4460.
Until then a bull-put spread is possible as short term trade in a paper account.
Anyway, my above views are not trade recommendations to anyone reading it......