Price opened at the daily 10ema and here on 30min chart you can see the 50sma resistance (purple line). Price is under cloud, still in overall downtrend. I bought 25 Feb 2500 strike puts. I may also get 18Mar at a lower strike.
On the daily chart, stochastic %D is heading down and 20sma has just crossed below 200sma. Yesterday I posted a "double top rally" that could actually give way to another market move up before more selling returns. I think we are seeing that today with markets up. I am looking for swing put entries.
On the daily chart, stochastic %D is heading down and 20sma has just crossed below 200sma. Yesterday I posted a "double top rally" that could actually give way to another market move up before more selling returns. I think we are seeing that today with markets up. I am looking for swing put entries.
