Dont have much to say today. Still expecting a bounce to setup most likely today unless we just crash from here - which I think is unlikely.
Yesterday a lot of indicators got very oversold and sentiment also was extremely lopsided. Also we are in the window of the 10 week low. I dont have any positions at the moment except for NUGT calls which I entered yesterday after exiting all puts at a profit. I expect that the miners and Gold might move up for a few more days.
Intraday trading only until we get more signs that a bounce can stick.
Best,
PM
Yesterday a lot of indicators got very oversold and sentiment also was extremely lopsided. Also we are in the window of the 10 week low. I dont have any positions at the moment except for NUGT calls which I entered yesterday after exiting all puts at a profit. I expect that the miners and Gold might move up for a few more days.
Intraday trading only until we get more signs that a bounce can stick.
Best,
PM
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