MDA - Market Direction Analysis

[augieboo]

Oh Boy! My SMH 24.51 order filled! The question now is, do I want it? {g/ng}


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The Trade:
1/3 RYVNX (-2x NDX)
1/3 SMH @ 24.79 (FILLED)
1/6 SMH @ 24.51 (AH order FILLED)
1/6 SMH @ 24.21 (AH order)

Note: The extra SMH orders are lowballs in case SMH drops in AH today.

The Plan:

1. Sell SMH tomorrow (looking for early bounce from closing at or near today's lows, 15 & 30 min charts looking up, etc).

2. Assuming the orders for additional SMH do not go through this afternoon I will add additional 1/3 to RYVNX position tomorrow if day looks green near EOD.

3. Cross fingers

4. Pray