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nice cimac.
did much the same , as I’m thinking we rally first in rth and trap the peans as Bill would have said…
nice trading cimac
have a fractal and a cycle coinciding today, both of which say down to 27/1. Fractal suggests a decent drop in a week & there’s a separate DeMark sell signal saying we could fall 100 handles or so to reach his swing target .
Who knows , but added to spx shorts and NQ shorts today .
Prob wrong over 2283spx so not bad risk/reward.
After a few failed shorts , I’m ss again and will hold over the holidays . stop above 2287. I can see negatives in the broad NYSE and the dt that formed there & nq is at best indecisive , but only needs to close 1% lower from here this week to turn the st trend down . Trannies looks weak too and may have lead as normal . 1% lower there would also give us a proper trend reversal. So maybe they spike the dow to 20K , but as long as spx doesn’t rally more than 20 pts , the broader indices look done to me and , even if I’m very wrong , the stops will cost me relatively little…. Until next year..HNY
taken off quite a few shorts this afternoon & will take off some more if we see a lower low on Tuesday which would make sense . Want to get them back on by mid Jan though…
HNY to the seven -lol
After a few failed shorts , I’m ss again and will hold over the holidays .
stop above 2287.
I can see negatives in the broad NYSE and the dt that formed there & nq is at best indecisive , but only needs to close 1% lower from here this week to turn the st trend down . Trannies looks weak too and may have lead as normal . 1% lower there would also give us a proper trend reversal.
So maybe they spike the dow to 20K , but as long as spx doesn’t rally more than 20 pts , the broader indices look done to me and , even if I’m very wrong , the stops will cost me relatively little….
Until next year..HNY
Seasons Greetings to you cimac – you deserve the rest for keeping this place going singlehanded .Tough last month trading a SU market , but all good things come to those …
Looking forward to a super volatile 2017 , even by 2016 standards .
underwater on my shorts here , but just added back the lot closed on election day plus a few more . the $ elastic band will snap at some stage as we near 101. Next 2-3 days critical on whether this was a 1-2 wk snapback or something very different . I have a cit tomorrow , so we see by Monday imo
Taken off 20% of spx shorts for 60+ pts , to make the balance pretty risk free . Would like to see a weekly close today below 2100 to confirm things .
Who knows about next week , but my bias(whilst below 2100ish) is to see 2030 and if we break that lower still. Some of the weekly gaps below need filling imo to set up another rally.
closed 80% of my shorts this morning. would ideally like a rally for 3-6 trading days and an opportunity to reload . one possibility is a retrace all the way back to 2160/70 , which would then set up something more interesting
will probably look to short tomorrow , maybe near the close . 2155-2160 the area, but I’m more influenced by time than price at the moment.
averaged in the low 2150’s and looking for a pop n drop today and a possible low this Friday . Either we see some volatility and downside in the next 3-4 days or I’ll exit & look elsewhere .
closed 80% of my shorts this morning. would ideally like a rally for 3-6 trading days and an opportunity to reload . one possibility is a retrace all the way back to 2160/70 , which would then set up something more interesting
will probably look to short tomorrow , maybe near the close . 2155-2160 the area, but I’m more influenced by time than price at the moment.
closed 80% of my shorts this morning. would ideally like a rally for 3-6 trading days and an opportunity to reload . one possibility is a retrace all the way back to 2160/70 , which would then set up something more interesting
too early it seems . added a bit more at 2178 , but need to be a mindful that much over 2180 and probably new ath’s….my timing window ends tomorrow/Monday .
will ponder putting shorts back at around 2163/66 then 2180ish…..2152 area was first resistance and held so far . maybe that’s all we get , but I’m waiting for now. good luck with what could be a wild few days on thurs/fri & early next week…
put a few back at 2169 cash level. Might want a stab at 2180 today/tomorrow , but risk /reward decent around here .
