Yep, that would be one way to enter for sure, depending on what...

  1. 16,642 Posts.
    lightbulb Created with Sketch. 1291
    Yep, that would be one way to enter for sure, depending on what turns up.......however tomorrow may see a positive response the to tentative support seen today,
    so another option would be if tomorrow saw a narrow spread up bar on low volume (a potential no demand bar), to short the break of the low of that bar, with a stop just above its high (my old mentor Steve Phillips loved that type of setup, and would patiently wait for them to occur, particularly on ETF's, as it suggested that demand may be exhausted)

    cheers
    Last edited by Jako8557: 22/02/17
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.