Swing Trading Today | Profits Taken S&P Short Sale
Yesterday on Swing Trading Today I mentioned that I would book profits into weakness on our short sale of the S&P 500. This morning we are rallying the question is will it continue? Today we do a review of the pre market activity of the stock market and the currency markets. Bob also reviews the price action of gold relative to the US Dollar. He uses the RSI to point out a divergence of the technical indicator as it may imply a trend reversal on the 4 hour stock chart.
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****Symbols Are Reviewed In The Sequence Below*****
$SPXS
$SPY
$DIA
$QQQ
$UUP
$GLD
$FXE
$FXY
$COST
$DECK
$GOOS
$STAA
$JPM
$ITA