EXPECT GAP DOWN - Prep for Sunday Open
We should see a gap down with all the negative and fear driven news this weekend around the coronavirus. Prices are extremely low and there are great buying opportunities. Don't get lost in the news and drama, the economics of Supply and Demand are what moves markets. Depending where the market opens, I'll be looking for a short term long for quick profits. Until this coronavirus situation calms I still have a bearish bias and will be looking to go short as well with momentum trades.
Entry: 2727
Stop: 2720 (Risk: $350)
T1: 2733.50 (1:1 to eliminate risk)
T2: 2761.25 (R/R: 5/1)
Entry: 2727
Stop: 2720 (Risk: $350)
T1: 2733.50 (1:1 to eliminate risk)
T2: 2761.25 (R/R: 5/1)
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