They're trying to break out above ST resistance range

#qqq #tqqq #svxy #vxx Potential "abc upside correction" resistance comes in at 2,705.75 for S&P futures. They're currently trading at 2,712 - so a breakout attempt is in progress.

Anything above that on a 1-hr, 4-hr or daily close will open the door to a run to 2,820.

I'm reticent to fade rallies right now given seasonality and potential catalysts by Fed, Trump / China and EOY performance-juicing.

Holding longs in equities and shorts in volatility!!

Posted to Peak Analytics' Direction F… on Nov 28, 2018 — 12:11 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

Excellent advice these last turbulent months...
Wide stop loss and small at profit taking but that's their style.
See All Reviews →