Safe trading

Weekly Market Outlook For May 6 – 10, 2019
May 4, 2019
Bought the dip
Bought the dip
May 6, 2019
Show all
Safe trading

Looks like we’re going to have an interesting start to the week.

Tariff talks are back in play and VXX is currently gapping up 8%+.

VXX closed the previously unfilled gap at 28.05.

Next level to watch out for is the quarterly open at 28.97 and another unfilled gap at 30.19 if the bears get very aggressive.

Watch the DIA here. DIS has broken below the previous week’s lows and will start the week trading below the quarterly open.
Buyers will need to defend here and reclaim last week’s lows otherwise we will see lower prices.

I will get stopped out of a number of late longs which is always the risk when buying into highs and carrying over the weekend.

Safe trading and remember trade to trade well.

VXX – D


DIA – W


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