WEED, Bull Open --> Short Play Midday

2018년 2월 12일

Expect a bullish open, from bullish market continuation on the S&P500. However, fully expecting RSI to become overbought after the bull open. S&P will cool-off, and WEED.TO will begin its sell-off.

Step 1) Ride long on the bullish continuation upon open. Look to short from of the top 3 levels as labelled on the chart. Enter when MACD shows bullish momentum slow, preferably with a crossover, and RSI in the overbought zone.

Step 2) Short from these levels, and look to cover between the .38 - .61 range. Must look to S&P500 for signals to cover. Watch MACD for slowing bearish momentum.

Always keep your eye on volume, and avoid any weak moves in either direction. Good luck!WEED