I've started scalping this last few months after a break from trading (got married last year, getting over some bigoted posters etc etc)
Shorting below 2405 and swinging long above 2405 has produced some reasonable beer money.
I kicked myself a little missing the swing low @ 2340 but managed to get part of the move back up.
The 5, 10 and 21dma have provided good support, and I cannot think why anyone would be shorting this market at these levels. Buying dips is very stress free.
However, we are seeing classic rotation, tech is no longer leading with the generals losing steam. There appears to be a flight to safety with bullish stocks exhibiting terminal moves up.
P/E ratios are at historic extremes, but this could go easily up another 50 SPX points.
Summer low volume means more volatility, and I am hoping to ride a few of those swings.
As usual I will post my Entry, and exit levels real time.
best wishes, Salam
ps The The Trump impeachment will be an event to savour.....my FF!
Edited by salam, 20 June 2017 - 10:35 AM.