And to add a note to that… 6%puts the stop loss $6948. So that appears to indicate a break below the $7K level is adverse for near term.
As long as the trade moves up, the trailing stop would move up as well. That minimizes loss territory, but it hasn’t come into play yet on the current trade.
Also, we will be putting out bi-weekly updates (market analyses) starting in January. These will help cover some of these details. We’ll be looking at our tools, the market as a whole, and some other perspectives on market direction. I hope it will be a great value add.