Short Tops. Here are the Potential Tops if the 259-262 Monthly Area Holds at the close.
Explanations of the above ranges, areas to take profit/scale-out and scale into shorts.
As a starting point- some downside positions should begin now. "Healthy" consolidation and premium decreases on options. I expect us not only to re-test lows but to break below them. This is not a timeline of a day or days. This is a matter of price action and am not attempting to hit the timing on the head.
Thus, get decent further out contracts if trading options.
Explanations of the above ranges, areas to take profit/scale-out and scale into shorts.
As a starting point- some downside positions should begin now. "Healthy" consolidation and premium decreases on options. I expect us not only to re-test lows but to break below them. This is not a timeline of a day or days. This is a matter of price action and am not attempting to hit the timing on the head.
Thus, get decent further out contracts if trading options.