If wave 2 of d in the larger wave ABC is the right structure then it will close below 2540
If not, it will close above 2610, but it could also close between 2595 and 2575
S&P will close above 2610 or below 2540
Started by
dTraderB
, Apr 03 2018 09:10 AM
5 replies to this topic
#2
dTraderB
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Posted 03 April 2018 - 10:39 AM
Rally to 2690/2700 during next week or so and then there will be a larger decline to 2400 or lower by end of April
#4
saltlake
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Posted 03 April 2018 - 11:30 AM
I dont think we we rally that high right now(could be wrong of course) Im daytrading both ways right now, as always Im leaving a lot on the table (been getting out to quick, to figity taking profits ) . One bad trade will wipe out 3 winners, Im trying to clean that up
#5
dTraderB
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Posted 03 April 2018 - 03:05 PM
Closed above 2610.
So, now that it has moved above that well-traversed 2550 to 2600 (going back to that February down move) I think the market will rally to test the 2690/2700 zone but it's challenging and it may fail.
It will be interesting to note the 50ma and 200ma getting closer with the possibility of that "death cross".
Edited by dTraderB, 03 April 2018 - 03:05 PM.
#6
CLK
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Posted 03 April 2018 - 03:17 PM
I dont think we we rally that high right now(could be wrong of course) Im daytrading both ways right now, as always Im leaving a lot on the table (been getting out to quick, to figity taking profits ) . One bad trade will wipe out 3 winners, Im trying to clean that up
Trying to be too conservative has cost my account the most, if I would just take a 10% account position as soon as the signal is there
all would be well 90% of the time, but I try to micromanage or just take a 1% position, just doesn't work, you miss the big money then
over trade trying to make up for it.
