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This is so much like the technical resets of the Bull.
Upside is not over.
Zoom day Monday ahead imo
Plan your trade, trade your plan!
Last few days and then this morning globex are just like that horrible QE market we had. Either this is a bull rally in a bear or this is a continuation of QE driven market. Breaking 1953 down will break SU today, which will be good. RTH low is 1949.25 and globex low 1948. So for now it is that 1948/1949.25 area that needs to break down . Then it can see 1940 retest that I am looking for.
Nearly there at the 1940 retest
Plan your trade, trade your plan!
Shorted 1958 because I do feel we should see lower today, even if it bounces back up
Closing 1the 1958 short here at 1944 for 14 points.
SUre it may get closer to 1940 later, but its an addon that in this market has to be closed
Plan your trade, trade your plan!
This is so much like the technical resets of the Bull. Upside is not over. Zoom day Monday ahead imo
oh dear 🙁
Well theres the retest of 1940.
They saved it right till the end of the day (low so far 1941.25).
That was a stupid 2 days, but still alteast managed to bank 14 points out of this idiot today.
KAIS did not go long in the end which means I am no longer seeing the ZOOM day Monday.
That could actually have even been a high today. Lets get through WNER and then see where we are.
Plan your trade, trade your plan!
‘The G20 draft communiqué looks like it is out and it seems pretty tepid / uninspiring. So the relevant question now is whether or not this 160-handle rally in SPX (!) is partially attributable to shorts squaring up ahead of the G20 meeting. I would say the rally in the past two days has had extra momentum because of G20 and now shorts should be looking to reestablish—so I think stocks should trade weak from here into Monday.’
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