Today's attempt to break down below the 200-day moving average appears standing a chance, making it justified to tighten the open trade position parameters should we nonetheless get an unexpected rebound.
Please see the Trading position section for details.
Trading position (short-term; futures; our opinion): short positions (100% position size) with stop-loss at 3035 and initial downside target at 2990 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading StrategistSunshine Profits: Analysis. Care. Profits.
