should you hold long trading position or go short next week?
Our Tarot card model indicates prediction of preceding week will be repeated. Market will hit new high in early part of week but may not be able to hold on and stronger indication of Correction in mid week ( Tuesday-Wednesday. markets will however recover from correction and may reach new peaks end of the week.
1. Hold long position till at most Tuesday. If Monday start with correction add long position
2. exit on Monday itself if gain is phenomenal during the day
3. Buy Puts/short index if gains are there during day on Tuesday and wait till Wednesday for correction- which could stretch till Thursday. On Thursday-Friday Long calls can be added during corrections.
Volatility/choppiness will be more: Risk: also markets may be range bound and may not show exuberance of this week except on Monday-Tuesday
disclaimer: pls read disclaimer of previous weekly prediction
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