Protect swing longs from loss now
Entries up, but move lower is still possible.
Good entries at 4490. We’re at 4530 now. This may be a bull break but I am skeptical this may end up heading lower to the 4440 support.
If we get through here it’s good for the long trade. Probably around the are of max risk it turns against us. Good spot to move long stops to even and set pending order for 4440 with stop 4418.
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.