Good evening all,
Like I said last evening, VOLATILITY is the flavour of the month and we witnessed it today..... Again. 320 points up in around 50 mins and down 250 points in 120 mins. But this is good for us as we get to use the momentum to achieve our targets faster and if you trade options, we keep theta out of the play. For tomorrow, we may see some correction from the current level up to 36250. That's the range it maintained for a while to form a small base on the 30th and 31st.
So;
Long side view:
Buy above 36820
Target 1 zone 36900 - 36950
Above this TSL
Target 2 37000 (if it sustains above this we see huge jump)
(Long SL - 36665)
---------------
Short side view:
Sell below 36480
Target 1 zone 36400 - 36350
Below this TSL
Target 2 36305
(Short SL - 36570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Like I said last evening, VOLATILITY is the flavour of the month and we witnessed it today..... Again. 320 points up in around 50 mins and down 250 points in 120 mins. But this is good for us as we get to use the momentum to achieve our targets faster and if you trade options, we keep theta out of the play. For tomorrow, we may see some correction from the current level up to 36250. That's the range it maintained for a while to form a small base on the 30th and 31st.
So;
Long side view:
Buy above 36820
Target 1 zone 36900 - 36950
Above this TSL
Target 2 37000 (if it sustains above this we see huge jump)
(Long SL - 36665)
---------------
Short side view:
Sell below 36480
Target 1 zone 36400 - 36350
Below this TSL
Target 2 36305
(Short SL - 36570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
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