EEM Update
Just a quick update on my EEM short position. I shorted some last week around the 110-111 area, watched it sell off down to 106 and is now moving back up. I'm looking to add to my short position at the 50% retracement of the engulfing bar as seen in the above chart. That level comes in around 113.30 (green horizontal line).
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2 comments:
Kevin
What option expire are you using Feb. or something longer out in time?
I would use at least March and maybe even June. This is a weekly chart..Each bar is a week so a Feb option isn't enough time for the trade to develop.
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