Exited all my longs from SPX 2631 for nearly 38 points.
Post Fed is a wild card. Will see the reaction to the Fed annoucement and then decide on the next move.
Edited by NAV, 13 December 2017 - 09:39 AM.
SPX
Started by
NAV
, Dec 13 2017 09:38 AM
6 replies to this topic
#2
salam
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Posted 13 December 2017 - 09:52 AM
Nice profits sir!
I'm not sure what my future holds... But I know who holds it.
#3
NAV
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Posted 13 December 2017 - 10:02 AM
Nice profits sir!
My monthly profit targets are achieved. Looking forward to the holidays now. Chilled beer (or Margaritas) and tropical beach is all my mind can think of now.
#4
NAV
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Posted 13 December 2017 - 10:09 AM
The bull-bear line for today is SPX 2660. Fed decision is widely known and they will increase the rates. If we can hold SPX 2660, post-fed decision, then we could rocket higher. If we break 2660 post-fed, it will open the floodgates and there will be a large selloff. So your risk is defined - 2660 !. Now roll the dice.
Edited by NAV, 13 December 2017 - 10:10 AM.
#5
Swiss Trader
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Posted 13 December 2017 - 10:10 AM
Nicely done, Nav.
I am still in the market, but with a tight stop profit and who knows... maybe 2683 is the way to go after the FED
#6
Swiss Trader
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#7
CLK
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Posted 13 December 2017 - 03:14 PM
This is an hourly top, how much I am not sure. Nice how stockcharts just pulled the 2pm hourly volume bar off the chart,
it was high and MACD already turned and was a back test. So my volume theory says negative MACD cross is a downtrend
so any high volume up bars are going to get sold. So far it got sold. SPX volume bar is still there, SPY is gone, this is on the
ohlc bar chart.
