Looking at futures, not excited that I closed out half near close and may have made the mistake of overmanaging my position. I am expecting things to be pretty volatile and in general a difficult swing trading environment for the next 1-2 weeks. A general warning sign the last few days has been the continuous ramp in gold and Treasuries.
Game plan for next 1-2 wks
1. Close short position and go long on positive divergence/ buy signal on 1 hr chart with a minimum of 205 SPY
2. Re-short at 210 SPY
Anything else, will just wait things out as there might be a high possibility of whipsaw.
I am guessing roughly 203 SPY will be a long entry but will wait for the CCI signal to appear, preferably with positive divergence.
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...