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my guess is it's hard to breakdown, really strong support below. Just a guess.AK84 wrote:Morning Cobra,
Hope you had a nice weekend! Looks like we have broken out of the big bear flag so seems like 1040-1050 is a given! My question for you is about today’s open. Do you think there will be a rebound at the open because I am thinking of covering my shorts at the open and re-shorting on a bounce ( the large gap down Friday and today make me think the open might b bought as the down move looks unsustainable). Just trying to figure out if covering at the open is good idea and so I can re-load on the intraday bounce because I think the rebound will fail .
Thanks so much!
PS. Absolutely amazing report this weekend! Didnt get much time to comment and share my thoughts as it was a busy weekend for me but fantastic read!
Thanks so much! 1125 is the lower BB as well so we may see a bounce at the open!Cobra wrote:my guess is it's hard to breakdown, really strong support below. Just a guess.AK84 wrote:Morning Cobra,
Hope you had a nice weekend! Looks like we have broken out of the big bear flag so seems like 1040-1050 is a given! My question for you is about today’s open. Do you think there will be a rebound at the open because I am thinking of covering my shorts at the open and re-shorting on a bounce ( the large gap down Friday and today make me think the open might b bought as the down move looks unsustainable). Just trying to figure out if covering at the open is good idea and so I can re-load on the intraday bounce because I think the rebound will fail .
Thanks so much!
PS. Absolutely amazing report this weekend! Didnt get much time to comment and share my thoughts as it was a busy weekend for me but fantastic read!