Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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20:15 |
With a wicked swoon, the SI short at 107.035 that I recommended in my 5:30 p.m. update (see tout) has produced a relatively quick profit of as much as $14,000 per contract. I regret not mentioning that the short could have been covered and reversed pennies off this evening’s low by using p=104.215 of the pattern that generated the short to begin with (A= 117.700 at 1:15 p.m.). SI turns out to be no more difficult to trade or forecast than before today’s unremarkable, $16 dive. The snapback rally is vicious enough to suggest my 122.305 target could be reached after all. |