As we inch higher in these markets I become more and more protective using the futures or the ETF contracts to hedge my long desires. If we can get this last spurt higher, I believe that will be an opportune time to short for a swing trade as the market digests and tries to ready for a year end rally. Don't know if it will give it to us but time is still on the market's side.
Today's action is back and forth and not overly concerning as it's within the context of the move higher. To get a good shorting opportunity we need an exhaustive type run into resistance when time is no longer on the side of the market. That setup is there for the next week or so. Could happen right away or later or maybe not at all. For now, I nurse my positions along and simply attempt to continue building on the recent gains we have shared.
Today's action is back and forth and not overly concerning as it's within the context of the move higher. To get a good shorting opportunity we need an exhaustive type run into resistance when time is no longer on the side of the market. That setup is there for the next week or so. Could happen right away or later or maybe not at all. For now, I nurse my positions along and simply attempt to continue building on the recent gains we have shared.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home