Great market action again today both long and short. Here are 2 out of many:
AAPL. Had profitable short and a long in the morning then I bided my time. Here is 2nd short entry before the nice little plunge...
and cover taking profits. The way AAPL trades indicates to me that it still has buyers willing to defend the price but there is a sense of desperation. Remember, the higher they are, they harder they will fall when the time is right.
VXX. Was long, took profits at the doji, shorted it, took profits on the quick pullback at the candle change. Very obvious what the correct course of action was from these candles. Here's the 2nd long entry...
and sell, take profits as it exhausts itself.
