SXY 1.59% $3.10 senex energy limited

While i agree the SP is on the edge of a precipice it has not...

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    While i agree the SP is on the edge of a precipice it has not yet broken trend. Yes the last candlestick was bearish, 'Sell'. But we have been here before. Look at the chart, the way the SP behaves short term is scary and not for the faint hearted - the highs and lows between cycles are far apart but i'm loaded at 42 cps and imo it will bounce, not immediately today because day traders and shorters will have a crack at it, just small volume mind you. Let's see what the SP is at close. My view 43 cps. Just my opinion, not suggesting anyone else should follow this trade DYOR.
    Last edited by m0ngy: 14/07/18
 
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