I will go to the extent of saying posting trades is the most noble activity on a trading message board.
Then you know that I posted an upside objective of 2800 on the SPX several weeks ago...by extension, that's my trade.
1 year ago I predicted the top of the mini Russell at 1560
What if I am right?
Any or all price measuring targets should be classed as "minimal" from the time they are given.
As you get closer to the target, however, one has to monitor things "under the hood" to see whether this "minimal target" is something more than that.
To that end, right now, today, both the SML advance/decline line AND the SML advance/decline volume line are at new all time highs.
This PROMISES you that prices are sure to move beyond the minimal price target, and because of this, new upside objectives are then to be ascertained.
There's no use in being myopic when we play this game of what many consider voodoo...where our advantages over fundamentalists is that we know money moves in advance of price.
This then becomes the key to not only our trading skills, but also having the discipline to respect what money flow is telling you beyond what you "feel" might be a different story.
Congratulations on the call.
Edited by fib_1618, 30 November 2017 - 03:11 PM.