Secondary signal will give buy signal if we close above 89. My gut feeling is we came too far from 114 so we could easily retrace up to 98$ and if we wanted to go down that would be the point.
Disclaimer, I am forced long here because of assignment of Puts so I will be selling some calls against them.
Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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