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Taking profits on US Tech 100

I suggested selling the US Tech 100 Cash at market (trading at 3546 at the time) and the trade got off to a good start, trading to a low of 3482.

On the daily chart the 9–day RSI is oversold, but not at extremes yet.

However there is a chance of a squeeze higher, so I am going to take profits at 3511 on the trade and look for a higher level to sell into.

Sentiment is still turning lower, so I will look at working new shorts into the 3551 level. I close out for a 35 point, or 1% profit on US Tech 100.

US Tech 100
US Tech 100

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