If you are short US equities like me and wondering what to do with your trade... Looks like they may have found a support level and the whip back here could take us back up to 26500 quickly. Watching this pattern closely , maybe flip to long for a short term swing. Good luck.
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Here we are testing the support again. A break would be magnificent.
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Trying for a swing trade here. Swapped to long. Also gold will now really be able to pop with an equities rally as the sell off has held gold prices down. So with gold really confirming a move to go higher or retest it gives me reason to believe equities need to pop here as well.
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I love making trades that become winners in a matter of minutes.
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Swing trade worked, gold did pop but it was very weak, trend was tested and broke again signaling to go short, stay short until a large bull signal is seen.
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this is a good time to start plotting a re-entry short.
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took profit from yesterdays short, sided lined for now, will update soon as these trades are developing quickly.