Added to my short at 779. Stop at 786.50 on both tranches (774+779). Rates beginning to back up, oil rising, copper breaking through resistance on LME and COMEX.
Covered yesterdays 774 short at B/E. Now left with my earlier short @779 and have lowered it's stop to B/E. View remains unchanged, just some position management.
nice call dealer..but i don't know if the 771.50 level will be broken today..it's also the daily support (s1)
"Dealer", you have done well with your short -you should not be greedy. Look to take profits soon and GO LONG! You may see a dip to 755 but that IS THE LIMIT TO THE DOWNSIDE! The selloff will run it's course by Wednesday lunchtime. Look for a rally on Wed pm - Fri close. ER2 will target 790.
Maybe you are right. I am short from 779 and I have a target of 735 by the end of this week and 708 by mid/late May. My stop is at 779.
Dealer: -your timing is WAY OFF. You MAY see those levels but NOT before we make new HIGHS! You WILL be stopped out before you can take profits!