14 replies to this topic

[NAV]

IT: Uptrend 

ST: Correction (at an inflection point today)

Position: Cash

 

Dip buyers got caught in a gap-down again. Bitten four times in a row...

 

I have been in cash since 11/7 and it has been the correct decision for a swing trader ! No point doing sub-optimal trades and losing money.

 

Today the swing bull-bear line is SPX 2578.5. Below 2578.5 the correction will continue. Above that, one should start buying the dips for a swing trade. Will update if i get a buy setup.

[q4wer]

 an inflection point today?

 

I think that it will close on the low of the day to scary some people

[q4wer]

100 points correction on spx is possible within two weeks.

[NAV]

100 points correction on spx is possible within two weeks.

 

Look i am not impressed with people making predictions. Put your money where your mouth is. Tell me the entry point and the STOP and give me a real-time exit at 100 points. You will be my hero.

 

I have told you my inflection point - SPX 2578.5 for today.

Edited by NAV, 14 November 2017 - 10:11 AM.

[q4wer]

bot spx put spread yesterday afternoon  spx 2575 / 2765  at 1.8 , closed a little earlier today at 3.3, it went up as high as 3.95.

[NAV]

bot spx put spread yesterday afternoon  spx 2575 / 2765  at 1.8 , closed a little earlier today at 3.3, it went up as high as 3.95.

 

That's a day trade. Show me 100 points trade  that you are talking about.

[qqqqtrdr]

It is worthwhile to give at least a glimpse of why one would think there would be a drop or rise in the market....     We are all here to learn from each other......

[q4wer]

60 points correction will bring out a lot of buyers,  correction is needed, either down or side way, then we have a  year end rally to close out this entire insanity.

[q4wer]

selling spread is a better game than buying.

[CLK]

An hourly close of 258.75 or higher stops the downtrend, right now I call an IT correction. There were zero fully longs in the polls,

that would indicate an important top.