Rollover
The opening reversal is often a good spot to look to get into a trade. This
is due to the fact that many on the the other (wrong) side of it will bail out
when the tide turns against them, adding even more fuel to the move.
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09:47:09
Intraday Setup Alert
The Biotech Holders ETF (BBH)
is staging an opening reversal. BBH is down 2.15 at 84.15.
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The ETF breaks down after it reverses the open. The head fake
higher into the gap catches “gap fillers” on the wrong foot, and when they bail
out the move down is exacerbated. Add this tool to your trading arsenal. With a
tight stop in place in the event you are wrong, you minimize your risk and can
take advantage of intraday moves, to the upside as well as down.
Until tomorrow,
Duke