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New Trading Range SPX 2450-??

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#1 salam

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Posted 17 July 2017 - 12:40 PM

I posted below on Arbmans Thread on 3rd July;

 

Posted 03 July 2017 - 10:31 AM

Thank You Arbman.

 

The range and pivot points have altered slightly, and so here is my FF.

 

Retest of 2404 this week and then a rally to OPEX to 2450-2500 range were we will swing range bound with low volume July/August.

 

End August Sept down to 2300 area and then rally back to 2405....then 2000

 
Unless there is a newsworthy event, I can't see a meaningful plunge until August, and playing the new range seems reasonable; short below 2450; Long Above 2450.
 
Trade Safe
 
Salam
 

 

ps Current position- Flat


Edited by salam, 17 July 2017 - 12:44 PM.

I'm not sure what my future holds... But I know who holds it.

#2 alexnewbee

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Posted 17 July 2017 - 01:19 PM

Thks, makes sense.
"we do G.d's work" Lloyd Blankfein

#3 salam

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Posted 18 July 2017 - 04:25 PM

Did anyone buy 2450? I took my profits and ran
I'm not sure what my future holds... But I know who holds it.