If you’ve been fortunate enough to have timed the low back in February – Bravo!
Seriously…..job well done in this trade environment.
But!
Don’t get complacent here. This is what I would call a “second chance” as I expect to see the SP 500 ( and all other world markets ) roll over here around 2075-2100 ( duh – right? ) then proceed lower – taking out the lows at 1800.
SP 500 March 30th 2016
Yes that’s right – taking out the lows at 1800.
If I where a gambling man…..I would simply look to book “any” profits I’ve got over the next day or two, and put away the charts for a couple months.
You don’t trade Forex so don’t worry about it.
I’m two days into my “short USD trade” and just getting started.
A significant trade indeed.
Hey Kong, I notice we’ve got both USD and JPY devaluing at exactly the same (for example AUS USD & GPY JPY rising to name a few). What’s your take on this?