As I said, it's the very short term and when you look at the 60 min chart, you'll see the size of the negative divegrence vs the $1200 area is really putting probabilities solidly in the bearish cap, but if we do see >$1200, I'd likely use it as an add-to or if I didn't have a position, a new short position for the longer term.
Short term bullish charts, this is why the Call option position was opened.
1 min leading positive
2 min leading positive
5 min leading positive
And the bearish...
These are much stronger signals, 10 min leading negative, the $1200 area is highlighted.
30 min leading negative
And 60 min leading negative, you can see a move above the $1200 area isn't a very big deal vs the divergence and in fact would be a welcomed tactical entry.
I kept the PCLN trading short position open, the calls, if this works as planned, should make money and also serve as a hedge if need be, then when they are sold, I may look to add to PCLN short and the probabilities to the downside should make money on a longer basis/trend trade.
Is interest rates about to start going up?
-
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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