SPX 1998 - 2114 range needs a clear breakout on either side for a high confidence trade now. Until then...
SPX
#11
Posted 30 November 2016 - 01:17 PM
#12
Posted 30 November 2016 - 01:18 PM
There are better plays out there than SPX.
Nasdaq is down 38 here.
My Neighbor lady is pretty too !
Edited by NAV, 30 November 2016 - 01:20 PM.
#13
Posted 30 November 2016 - 01:43 PM
See this is a case of when it pays to look at the volume, I gave you the clue, we had BLOWOUT VOLUME in the last hour yesterday on Nasdaq, that was a clear indication of weakness....
There were chances to play, it opened to the upside.
The problem with shorting the SPX is that it is the STRONGEST of the indices right now.
Edited by SemiBizz, 30 November 2016 - 01:45 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#14
Posted 30 November 2016 - 01:53 PM
See this is a case of when it pays to look at the volume, I gave you the clue, we had BLOWOUT VOLUME in the last hour yesterday on Nasdaq, that was a clear indication of weakness....
There were chances to play, it opened to the upside.
I am not interested in volume or breadth or any other indicators or market analysis. I just follow price. It has everything in it. Keeps it simple. No conflicts.
Also i am not looking for day trading setups. I am interested in multi-day swing setups. And catching a swing requires a few probes - you lose small on some and win big on some.
Last but not the least, money is made in the market by listening to price, not listening to what others think or say. Sorry, i am not trying to be rude. It is what it is.
Edited by NAV, 30 November 2016 - 01:56 PM.
#15
Posted 30 November 2016 - 02:05 PM
Isn't it easier to be long the strongest, short the weakest?
You've been putting on a clinic in just the opposite, short the SPX, trying to go long gold.
I don't get it.
You've said you don't believe in trading on divergent signals in the past, isn't that what you are trying to do?
Just asking, don't take any offense.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#16
Posted 30 November 2016 - 02:08 PM
BTW... Nasdaq 5321 Gap Fill HERE WE COME....
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#17
Posted 30 November 2016 - 02:20 PM
Nasdaq is down 48 points here... SPX down a buck.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#18
Posted 30 November 2016 - 02:34 PM
Nasdaq is down 48 points here... SPX down a buck.
SPX will match up soon..........
#19
Posted 30 November 2016 - 02:37 PM
uh huh... NASDAQ DOWN 53
SPX down 2
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#20
Posted 30 November 2016 - 02:39 PM
Isn't it easier to be long the strongest, short the weakest?
You've been putting on a clinic in just the opposite, short the SPX, trying to go long gold.
I don't get it.
You've said you don't believe in trading on divergent signals in the past, isn't that what you are trying to do?
Just asking, don't take any offense.
No offense taken. When i was long from 2173 to 2005 my trading posts were like a graveyard. No visitors. No questions. One short, that went against me for brief 15 minutes and you want explanations. LOL !.
Oh yes, i am still looking to go short SPX, but below 2098. Markets always look strongest near swing tops.
As for Gold, yes i am still looking to go long, but on proper setups. I don't blindly pick bottoms. If you are asking me why i am not shorting gold, i can't catch a swing in the middle or in the terminal stages. If i miss the initial swing turn, i wait for the next swing turn.
Edited by NAV, 30 November 2016 - 02:42 PM.