Post FOMC reaction led to a liquidation move to July’s opening 7780 where oversold and exhausted market offered a long opportunity for bulls. Once I noticed the reverse I even doubled my position to ride the wave up.
Today’s action has not changed the neutral bias of the market. The next few days would be telling. The initial reaction sparked by Algos is not indicative of the sentiment change.
What to expect next.
- The market is on the path to retest today’s low. Be on alert because a double bottom may offer another long. Also watch for a positive divergence.
- Due to volatility spike both short and long positions will be available.
07/31/2019
Today’s action has not changed the neutral bias of the market. The next few days would be telling. The initial reaction sparked by Algos is not indicative of the sentiment change.
What to expect next.
- The market is on the path to retest today’s low. Be on alert because a double bottom may offer another long. Also watch for a positive divergence.
- Due to volatility spike both short and long positions will be available.
07/31/2019
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。