NPP Trades Sunday Special 8.22.22
The pullback I was expecting is finally taking place. The short I initiated at 2 weeks ago at 423.07 (via the short 422 calls that were exercised) are now in the green. I’m now looking for a move to the .236/.382 fib retracement from the July 14th lows to the August 16th highs around 417.50/408.50.
The plan is to cover my short in this area, then reverse…