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Short SPX


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#21 trioderob

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Posted 30 November 2017 - 03:47 PM

I am bullish on this US market but the one thing that is bugging me is China.

 

you will notice that they were down hard in the previous session and there is a real issue that their market is being propped up by just a few stocks.  

 

I believe that the EEM index may give a heads up as to what the US market will do after the tax bill buying fades 



#22 12SPX

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Posted 01 December 2017 - 10:14 AM

 

 

 

 

Swisstrader,
 
Your stop is pretty big. What kind of profit objective are you looking at ?

 
2440-2390 Area
 
But this initial stop will be modified in a trailing stop once that some price levels will be reached

What is your time frame for this target?

 

 

2/3 months, but it's not so easy to predict time and price.

 

 

But with breadth and volume analysis you can forecast a doable working window within a week or so.

 

Everything works together in a rhythm...you just have to decipher whether it's hip hop or classical.

 

Fib

 

Maybe you'll show me a volume chart since you don't seem to have a liquidity chart?



#23 Swiss Trader

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Posted 01 December 2017 - 11:44 AM

Update:
Moved stop loss to 2668....

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#24 NAV

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Posted 01 December 2017 - 11:53 AM

Good call and trade so far !


"It's not the knowing that is difficult, but the doing"

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#25 Swiss Trader

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Posted 01 December 2017 - 01:25 PM

Good call and trade so far !


Thanks Nav!

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#26 Swiss Trader

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Posted 04 December 2017 - 06:23 AM

I have raised the stop loss again @ 2688

 

I need to watch if this market will be able to close above 2660 today and tomorrow.


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#27 Swiss Trader

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Posted 04 December 2017 - 09:31 AM

Out @ 2660,54 (-7 points)

 

It looks like 2690/2700 is the next target......


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#28 alexnewbee

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Posted 04 December 2017 - 09:59 AM

I enter short @2661, SL@2673


"we do G.d's work" Lloyd Blankfein

#29 Swiss Trader

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Posted 04 December 2017 - 10:15 AM

I enter short @2661, SL@2673

 

The problem is the gap up above 2650...

 

Until the SPX holds 2650 on a daily basis, the odds are for a new leg up to the magnet area 2690/2710


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#30 alexnewbee

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Posted 04 December 2017 - 10:57 AM

I enter short @2661, SL@2673

 
The problem is the gap up above 2650...
 
Until the SPX holds 2650 on a daily basis, the odds are for a new leg up to the magnet area 2690/2710
That ìs true. But NDX was leading today..
"we do G.d's work" Lloyd Blankfein