S&P has a nice head and shoulders pattern forming to the downside intraday, so we could see this market tank heading into the afternoon. Market needs a pullback – and that is quite the understatement.
I like the Uranium Energy (UEC) trade as it has a very nice double-bottom break setup. Now it’s currently trading in the $2’s and I think you try to get in today at $2.30-1 if you can. Swinging it overnight definitely comes with some risks too, so be sure to weigh your options… and the risk too.
Here’s the Lazy Trade Long:
LONG: Uranium Energy (UEC)
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