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Bifurcation point - part 2


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#1 NAV

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Posted 06 March 2018 - 09:38 AM

I took about 10 points profits on 1/3rd of my swing long position.

 

We are still trading around the bifurcation point and not out  of the woods yet. I am ready to flip and go short anytime. Will update if the short term trend changes.

 

The line in sand for today is where my stop is, which is SPX 2713. Below SPX 2713, i will start looking for short setups. Above that, i will stay long and strong.


Edited by NAV, 06 March 2018 - 09:40 AM.

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

 

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#2 NAV

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Posted 06 March 2018 - 10:53 AM

Exited remaining long position at SPX 2722. 


Edited by NAV, 06 March 2018 - 10:55 AM.

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

 

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#3 cycletimer

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Posted 06 March 2018 - 12:26 PM

Not quite ready to pull the short trigger yet?
My early retirement journey (blog): https://firechecklist.net/

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#4 NAV

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Posted 06 March 2018 - 12:40 PM

Not quite ready to pull the short trigger yet?

Waiting for the setup.


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

 

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#5 dTraderB

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Posted 06 March 2018 - 12:57 PM

Another great call! 

It may not be a long-term bounce but already 12 points off that SPX 2713 support



#6 redfoliage2

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Posted 06 March 2018 - 02:51 PM

The market behavior has changed and no more late day selling and buying dips works again.  I see SPX will test 2780 - 2800 area soon.


Edited by redfoliage2, 06 March 2018 - 02:51 PM.


#7 NAV

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Posted 06 March 2018 - 03:08 PM

Dramamine, please. laugh.png


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

 

https://twitter.com/Trader_NAV

 

 


#8 dTraderB

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Posted 06 March 2018 - 03:35 PM

An S&P March Futures close above the current intra-day high (2732) is quite bullish.  



#9 redfoliage2

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Posted 06 March 2018 - 03:57 PM

An S&P March Futures close above the current intra-day high (2732) is quite bullish.  

I see there is a good chance for SPX 2750 tomorrow/Thursday as the market refusing to go down..........


Edited by redfoliage2, 06 March 2018 - 03:59 PM.


#10 ryanoo

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Posted 06 March 2018 - 04:33 PM

hanging man