Tomorrow is key day
June 15, 2017
I followed my plan (mentioned in previous post) and I went long at 2420.00 in the early morning, but I closed long position around 2430 by the end of day. So I am on the sideline again!
Tomorrow will be the key day. We have two possibilities here. First one, market just follow my time model: pullback again and make bottom around 19th… Another one is just opposite: continue moving higher and make new high /turning day around 19th. Frankly, I don’t know which direction market will go.
I guess there is more possible that we may go higher from here, at least in short term. Today $CPCE created some sort of bottom…
Let’s see what market bring to us tomorrow.
Overall, it is difficult to trade at this stage, especially for Long position. Because we have some strong resistances around 2444-45, my best guess is that we may trade in small range before big move. The range is between 2420-2445.
Good trading!
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