Member
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
Member
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?
Member
Posted 01 December 2017 - 11:44 AM
Member
Posted 01 December 2017 - 11:53 AM
Good call and trade so far !
Member
Posted 01 December 2017 - 01:25 PM
Good call and trade so far !
Member
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.
Member
Posted 04 December 2017 - 09:31 AM
Out @ 2660,54 (-7 points)
It looks like 2690/2700 is the next target......
Member
Posted 04 December 2017 - 09:59 AM
I enter short @2661, SL@2673
Member
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
Member
Posted 04 December 2017 - 10:57 AM
That ìs true. But NDX was leading today..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
