Holding longs from 2503 area with STOP at SPX 2499. Will take profits on half at 2514 or loss at 2499, whichever occurs first
SPX
Started by
NAV
, Sep 20 2017 01:14 PM
10 replies to this topic
#2
NAV
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Posted 20 September 2017 - 01:23 PM
Stopped out. Will wait for the next signal.
#3
alexnewbee
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Posted 20 September 2017 - 01:37 PM
bought 2495 with stop 2490 and take profit 2520. also short limit @2520 with stop 2530
"we do G.d's work" Lloyd Blankfein
#4
NAV
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Posted 20 September 2017 - 01:40 PM
I will wait until tomorrow to initiate my next trade. Typical Fed day. Tomorrow's action will set the tone for the next few days.
#5
Geomean
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Posted 20 September 2017 - 01:43 PM
It is possible to count minute wave 5 or c done here. What happens if there is a test by $INDU and $SPX of support around their August 8 highs should be informative.
Opportunity knocks on your door every day-answer it.
#6
alexnewbee
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Posted 20 September 2017 - 01:44 PM
Look at JPY and Eur, they will push this thing up.
"we do G.d's work" Lloyd Blankfein
#7
NAV
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Posted 20 September 2017 - 01:46 PM
bought 2495 with stop 2490 and take profit 2520. also short limit @2520 with stop 2530
Your trade looks good.
#8
melonseed
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Posted 20 September 2017 - 02:15 PM
I was too chicken to buy. Let's see If I get another shot later.
Trade safe.
#9
alexnewbee
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Posted 20 September 2017 - 02:17 PM
Stop moved to 2496. So 1 point guaranteed 
"we do G.d's work" Lloyd Blankfein
#10
typicalbear
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Posted 20 September 2017 - 02:40 PM
It is possible to count minute wave 5 or c done here. What happens if there is a test by $INDU and $SPX of support around their August 8 highs should be informative.
It does appear that the 5th of 5 finished in a small ending diagonal. That should make possible 4th of lessor support @ 9/14 low of 2487. Further, it appears that the rally off the low on 8/21 @ 2414 has the characteristics of an ending diagonal. If so, that should make possible 4th of lessor support @ 2414.
