Closing Trades (CTL) – Wednesday, Oct 9th, 2019
DailyPlay Positions Outlook:
Markets have broken down below our key $295 support level and rejected yesterday which now acts as resistance. We have started to establish short positions to seek further downside and now cutting losses on our long positions. We do not currently see a strong trend to the downside yet unless the market breaks below major support in the $275-$285 area. Markets remain bullish on a weekly chart and oversold on daily charts.
- CTL – 68% Loss: Long Nov 15 12/15 Call Verticals @ $0.40
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