Here are some ideas for Monday. I see quite a few POTENTIAL opportunities on both the long and short side of the market. The market has been amazingly strong, and may continue to be, but it also seems extended at this time and if we get some downward movement it will likely start tripping people's stops and accelerate a bit. I'll be watching closely to see what develops and trade in the direction of the very short term trend.
Good luck Monday!
2 comments:
What time period do you day trade, i.e. 3,5,10 minute candles?
I spend most of my time looking at the 5 minute chart. I will enter on a one or two minute chart for a short term trade. Most trades are daytrades or a couple days at most. It's rare for me to hold longer than that, but will with a partial position if it looks good.
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