GetInGetOut : Straight from KG himself! What’s up fam

GetInGetOut : A stop loss would’ve saved you some pain.

GetInGetOutOP Powdahound: I took a small position, waiting for Powell to speak later to get more

GetInGetOutOP : 2.65 is my upward target. I’d take profit there and let the rest ride with a stop loss

GetInGetOut : Notice how sell volume is increasing

GetInGetOut : And RSI is right in the 50. Could bounce here, but i think this run is done for now. Just my opinion tho

GetInGetOut 1tickerOP: Glad I can help!

GetInGetOutOP DiamondKttr: It’s possible. Like I said tho, the more that supply gets tapped, the weaker it gets. Looking at SPY this morning and see it has created a double bottom in the ascending channel it’s in, which could lead to bullish momentum for the market. I’m not married to a direction and simply will trade based on what the chart shows.

GetInGetOut : For right now I’m seeing some possible downside. We are currently in the trade range between 2.08 and 2.42. If you all saw my comment last week, I was stopped out when price fell to 2.14. I was able to lock in gains. I personally could see myself re-entering on the break of 2.42, BUT (and it’s a big but) we have to hold above 2.42 for a couple daily candles AND have VOLUME before I see more upside. I think we’ll chop in this range until we get a clear signal. Also, there’s data coming out this week that could sway the markets up or down depending on the results. I’d play it cautiously with a stop-loss at 2.10. Just remember, some profit is better than none and there’s always another trade. Hope this helps!

GetInGetOut : Also, there’s the hope for a Santa Clause rally to end the year. It historically happens around the middle of the month, so some pullback before another good rip just makes sense to me

GetInGetOutOP : We’ll see, I got stopped out with some nice gains so it doesn’t matter to me. I just see that double top at 2.41 and then the flush down today. Didn’t break the neckline of the double top yet, but I believe the market needs just a little more pullback before continuing up. The RSI is moving down from an overbought area, but if it stays above 50, I might re-enter for a small scalp