In fact, I think I may add a bit of UNG here (equity long), here's why...
If this is a sharper reversal, then this area is close to the bottom of the reversal process, also a head fake reversal is a bit sharper than a normal pullback reversal.
5 min chart
10 min
15 min
I'm not making a huge commitment here and the risk management (total size and possible add to positions later) is figured first.
I don't think it's much of a risk here.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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