Well done all shorts in iteration #19 In retrospect it probably made more sense to short rather than long, and in hindsight with Yellen's speech it definitely made more sense! I don't know whether this NFP will be an excuse for bears to load more shorts if worse than expected, or an excuse for bulls to load more longs if better than expected, or neither. The probability of a September hike is still low according to the "experts", and not much above 50% for December. This Despite Yellen's speech!
Anyway, if I were short now I'd probably choose option (a) in iteration #19a, for what it's worth. Or possibly even (d) for a bounce off the SMA(200) and flip zone. A move back above 1.13 would not look good for the bears at this point I think.
Good luck everyone!
Anyway, if I were short now I'd probably choose option (a) in iteration #19a, for what it's worth. Or possibly even (d) for a bounce off the SMA(200) and flip zone. A move back above 1.13 would not look good for the bears at this point I think.
Good luck everyone!
You reap what you sow.