IT: Bullish
ST: Bullish
Position: Swing trade. Long SPX 2583 Stop 2576.9
Comment: Sick market. Does not correct enough. Does not rally enough. :-)
IT/ST
Started by
NAV
, Nov 03 2017 11:02 AM
4 replies to this topic
#2
fib_1618
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Posted 03 November 2017 - 12:05 PM
IT: Bullish
ST: Bullish
Position: Swing trade. Long SPX 2583 Stop 2576.9
Comment: Sick market. Does not correct enough. Does not rally enough. :-)
It's just following the path of least resistance.
For those who may not know, please tell us what Short Term and Intermediate Term is to you in days and/or weeks.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
NAV
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Posted 03 November 2017 - 12:49 PM
IT: Bullish
ST: Bullish
Position: Swing trade. Long SPX 2583 Stop 2576.9
Comment: Sick market. Does not correct enough. Does not rally enough. :-)
It's just following the path of least resistance.
For those who may not know, please tell us what Short Term and Intermediate Term is to you in days and/or weeks.
Fib
IT is something that runs for weeks. ST is 1-10 days.
#4
fib_1618
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Posted 03 November 2017 - 12:54 PM
IT: Bullish
ST: Bullish
Position: Swing trade. Long SPX 2583 Stop 2576.9
Comment: Sick market. Does not correct enough. Does not rally enough. :-)
It's just following the path of least resistance.
For those who may not know, please tell us what Short Term and Intermediate Term is to you in days and/or weeks.
Fib
IT is something that runs for weeks. ST is 1-10 days.
Thank ya kindly.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#5
opinionated
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Posted 04 November 2017 - 09:30 AM
Personally I see ST 2-10 days bearish, Chop between 2581 and 2562 with a break below that targeting 2550 I will be stalking a short Monday on a flat to up open. that will tell the IT 15-30 day if 2550 holds. I think it will but the whole tax reform thing that has caused this melt up is kind of disappointing and not as friendly to 401k as most hoped. Going into late Nov I see the battle really heating up as them's will do all they can to stop the plan all together. Whether they can or not is of no concern BUT the perception is. There for I see Extreme risk going into December.
Best
