They're trying to break out above ST resistance range

Direction First Service

They're trying to break out above ST resistance range

By Peak Analytics & Consulting — Author

#qqq #tqqq #svxy #vxx Potential "abc upside correction" resistance comes in at 2,705.75 for S&P futures. They're currently trading at 2,712 - so a breakout attempt is in progress.

Anything above that on a 1-hr, 4-hr or daily close will open the door to a run to 2,820.

I'm reticent to fade rallies right now given seasonality and potential catalysts by Fed, Trump / China and EOY performance-juicing.

Holding longs in equities and shorts in volatility!!

Posted to Peak Analytics' Direction F… on Nov 28, 2018 — 12:11 PM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By cwmetz — 8 years ago

Excellent advice these last turbulent months...

By Don Trang — 8 years ago

Wide stop loss and small at profit taking but that's their style.

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