I am taking a bullish stance for the short term...I am bummed to have been on the sidelines this long while the market was bleeding downward, took a while to wait for a decent opportunity to enter in the market. I found one with TNA, which was prime for a reversal, plus a pretty low risk entry as it was tracing back to some previous support levels.
Wouldn't you know it? The market responded to my plan, and it looks like we may have some last remaining bullish sentiment to be shaken out. My thought is to wait for a day or two up in TNA, and hopefully there will be a textbook H&S patters forming on the indices.
Long 85 shares @ 35.25
Stop under support @ 34.15
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