4 replies to this topic

[NAV]

SPX 2210 is a very strong resistance - an important bifurcation point for the market ST term.

 

I want to be a buyer in the SPX 2210 area. If we fail to get to 2210 and collapse, i would not want to chase this market down. So here's the play. I shorted SPX 2209 with a STOP and reverse to long above 2210. Risk on the trade is just 1 point.

Edited by NAV, 06 December 2016 - 12:45 PM.

[NAV]

2211.1 is my Stop and reverse level now to go long.

[OEXCHAOS]

Interesting play. Looks pretty smart to me. We've got Cumulative A/D Volume at ATH's, but not the right sentiment set up to slingshot through that level.

 

M

[NAV]

Long now with SPX 2200 STOP. 

[OEXCHAOS]

Good fortune!