High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A big rally in the equity market on Friday as many of the shorts may have decided to cover.
Following a big rally like Friday we usually see some sideways consolidation, likely on Monday. However, if there are many more shorts that needs to cover, we can get another big rally day on Monday.
The likely target for the current up-leg is 18,500 before a big 700-points pullback.
Key intraday inflection price level for Monday is 18,100. Bullish above it, bearish below it, with key support at 17,875
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
