Bounce off trendlines

14 août 2019

I'm looking to go long if we can keep above this bounce off the trendline. I will wait to place my order until we get near the close. I have been using UPRO (3X S&P for my swing trades.) I expect to retest the 2900 resistance level. I and can make a quick 4-5% as part of that retest. If we can close above 2900, I expect we are heading up toward the top trendline.

14 août 2019

Note

I'm glad I waited to place my buy order until the end of the day. It looks like we are going to retest the trendline.

15 août 2019

Trade fermée: ordre d’arrêt atteint

Closed my long, as my stop was reached. I took a 2% loss on this one. The Walmart news was just not enough to sustain the upward move today.