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Khalsa.
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April 9, 2020 at 17:05 #30003
Small short Ftse at 5900 … stop 6500 .. limit 5400 ( x 2 )
This will be held over Easter.
Dow short will not be reentered if stop is taken.
Never give up, never surrender.
April 9, 2020 at 17:41 #30004Thanks Khalsa.
Cimac you mean you plan to short FTSE if it gets to 5900?
It reached 5884 out of hours.
April 9, 2020 at 17:46 #30005Yesterday I spoke of a W back to highs.
We now have a good M on a 5 min chart back to 2780 and a big M if it wants to 2750. That’s on SPX.
Plan your trade, trade your plan!
April 9, 2020 at 17:58 #30006This has all the hallmarks of a bear rally. Seen it many times before. It will get all shorters out and then simply collapse.
Whether thats today, Monday, Tuesday, no idea, no one has, but one thing is sure, its a bear snap back.
We can revisit this post next week, happy to be accountable as always.
Plan your trade, trade your plan!
April 9, 2020 at 18:05 #30007spx new hod .. Dow D/T .. Nas not interested
Never give up, never surrender.
April 9, 2020 at 18:08 #30008Thanks Khalsa.
Cimac you mean you plan to short FTSE if it gets to 5900?
It reached 5884 out of hours.
I trade spread bet … Ftse still above 5900 … has been 5918
Never give up, never surrender.
April 9, 2020 at 18:13 #30009This has all the hallmarks of a bear rally. Seen it many times before. It will get all shorters out and then simply collapse.
Whether thats today, Monday, Tuesday, no idea, no one has, but one thing is sure, its a bear snap back.
We can revisit this post next week, happy to be accountable as always.
It could just drop at any time … this market is
not run for the benefit of EW or STD etc etcNever give up, never surrender.
April 9, 2020 at 18:34 #30010Latest projections are US unemployment rate to hit 15% by June.
Never give up, never surrender.
April 9, 2020 at 18:39 #30011hot off the press ….
Msg from Jeff
Targets: 2806.94 and 2813.46. A move starting in the next hour should retrace. The daily pattern makes it plausible that we see the lower target first, which may give us a chance to play for the upper one.
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
April 9, 2020 at 18:40 #30012People cannot afford their rent, they cannot afford to feed themselves and their kids. This is very, very bad and not the picture depicted by the indices.
Oil is managing to sell off into the long weekend and now I am hoping the indices make a 6.30pm high and sell off.
Plan your trade, trade your plan!
April 9, 2020 at 18:41 #30013Recently we have seen a lot of whipsaw around
the US markets close.
Those days the hod was late and there must have
been both longs and shorts closing out to avoid
holding overnight.
No telling what will happen ahead of Easter.
Any trades held over Easter will need some
hefty stops in place.Never give up, never surrender.
April 9, 2020 at 19:06 #30014My focus is on my M formation. 2777 SPX is support, below that the fun can begin.
Can you imagine if the Yanks trap all the Europeans. Low odds, but would be the start of the bear trend.
Plan your trade, trade your plan!
April 9, 2020 at 19:08 #30015Just as well we did a weekly thread. We are at 16 pages already!
Chris please feel free to start the new weekly thread w/b Saturday 11th March 20
Plan your trade, trade your plan!
April 9, 2020 at 19:20 #30016Just as well we did a weekly thread. We are at 16 pages already!
Chris please feel free to start the new weekly thread w/b Saturday 11th March 20
I will use April 🙂
Never give up, never surrender.
April 9, 2020 at 19:23 #30017Just as well we did a weekly thread. We are at 16 pages already! Chris please feel free to start the new weekly thread w/b Saturday 11th March 20
I will use April 🙂
AAARRRGGGHH Brilliant Chris, it’s been a long week!
Plan your trade, trade your plan!
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