What a way to cap off the month of July. SIGA was a gift on Friday. It is really important right now to not fight the trend. Don't step in front of moving trains. It is better to be $1 late on an entry then to be $10-$20 early.
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Monday Morning Broadcast
Pair this with the Sunday scan and go through the charts.
These exhaustion moves have been key the last few weeks. This wasn't a huge trade $ wise but pull up the chart and you will see that level served as resistance for the rest of the day. Gives you a nice trading vehicle to short pops and cover dips. Rinse and repeat.
Sometimes you spot unnatural moves and can guess what caused it. Nate gave a solid warning to not get involved long with this.
DC bringing the news to the room. Made for a quick long side trade.
SIGA Home Run
This is the gift to end the month. Here is Nate's thoughts from the morning broadcast and the chart.
Have a great weekend.