Shorted 91.12
Covered 90.50
Reason for shorting:
- MS was taking the lead down..i think this one should follow
- H&S formation on 20min with major ma's acting as overhead resistance
- "n"shaped decline on right shoulder?
Reason for covering:
- was thinking of taking it over the weekend...but got out in after hours..capital preservation is job #1..who knows what can happen over the weekend..no matter how good the chart looks.
- daily still uptrending with raising 20, 50dma acting as support..maybe having the possibility of crashing down these ma's like MS..but i'm not risking it over a 2 day weekend.
- any gain is good gain.
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