I took a small position in SSO today based on the “oversold bounce” or “rubber band” setup. My stop is just below the support line and I will be quick to take any available profits.
Update: I am having trouble with chart annotations and will post chart later today.
curious if you got stopped out on FAS?
I received a lot of emails about this from subscribers to the Trade Report. I sent an intraday report out today which I will post to the blog this evening. My stop is in the $14-15 range.