Bounce off trendlines
Aggiornato
I'm looking to go long if we can keep above this bounce off the trendline. I will wait to place my order until we get near the close. I have been using UPRO (3X S&P for my swing trades.) I expect to retest the 2900 resistance level. I and can make a quick 4-5% as part of that retest. If we can close above 2900, I expect we are heading up toward the top trendline.
Nota
I'm glad I waited to place my buy order until the end of the day. It looks like we are going to retest the trendline.Trade chiuso: stop raggiunto
Closed my long, as my stop was reached. I took a 2% loss on this one. The Walmart news was just not enough to sustain the upward move today.
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