I do not beleive in Elon Musk words :)
Daily candle on the USOil shows a gold cross, depending on the data of inventories on USA that will be publish tomorrow and the fundamentals on OPEP production limits, we might brake the down turn. We have to pay attention to the Overbought signals on the RSI as well. #papertrade
After apple´s agreement with HTZ, the market have bought the tock and have increase 80% in 17 days. Even thought it seems enough, I am think we can reach the Daily 200MA after a gold cross between the 9MA and the 200 MA in a 4 hour TF.
4 hour golden cross on oil, long on WTI for the day to 47.22. #Papertrade
I am betting on a possible profit taking action before the closing bell, sending the price to the previous R2 on the pivot lines in the 4 hours chart.
Yesterday WTI closed above 200 MA on the daily candle and the reports for EIA about a possible deficit due to the OPEP cuts on the production with the first lower inventories in USA backed this view on the fundamental side.
Try to break down the H & S and couldn´t make it... Seems like a Morning Star Candle on the Daily TF... Lets see how goes these long...
Started a Short position on the SPX500. Lets see if the H & S pattern its in place.... Mid term play!
Long on SPX500 @ these level, 2052.7 seems like a great support line....
Open with a short position and change to bull after the triangle was break up.. Lets see how these trade goes....
Starting a short position.
Close my Short position to open a long position... Support level of 204.95 was´nt break!
What goes up, must go down... At these point I see more reward Shorting SPY!.... With limit SL cuzz FOMC
After 205.23 was break!, I´m starting a new long position on SPY using 205.23 as a new support line.
Lets see if these goes well.. 204.12 its a great tested support on SPY!