If Monday is an up day, SPX has to have an hourly close of 2740, if not, then a new downtrend will follow.
SPX
#1
Posted 19 May 2018 - 05:39 AM
#2
Posted 19 May 2018 - 10:18 AM
After more study of the volume pattern, looks like I was wrong, upside is not limited here, but an hourly close at
2710 turns the trend back down and follow through should be expected.
What indication is there that the bull is back, it's the VIX trending below 15 since the 9th for the first time since Feb. 1st.
That could change with a big sell this week. Right now the Renko SPX has turned back up, I'm reluctant to cover and
probably shouldn't be.
#3
Posted 19 May 2018 - 05:11 PM
Does IWM making new ATH's not mean anything ? No comment here at all about it.
Edited by CLK, 19 May 2018 - 05:12 PM.
#4
Posted 19 May 2018 - 08:32 PM
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
#6
Posted 20 May 2018 - 06:58 PM
Must be none other than China talks move, don't even have to look for the news.
#7
Posted 20 May 2018 - 07:46 PM
We had two reversals, one down the other up, both of which retraced and provided a break even entry after the signal.
The least one could have went 1/2 then the rest later. I see so much uncertain technical work on this board, it's a wonder
anyone makes money. You can't outguess price, impossible on a continual basis, it's always going to be hit and miss.
Oh, but I got tight stops, then you don't ever make anything, flat account.
#8
Posted 21 May 2018 - 09:22 AM
Took loss on short, now long with 272 June 29th. Still holding IWM June 1st 158C, and AAPL 190P.
Edited by CLK, 21 May 2018 - 09:23 AM.
#10
Posted 21 May 2018 - 10:28 AM
I think the best plan for my trading is since I have two accounts, take a thousand in one account and trade all in every trade
until it makes 100k or 100% loss, and the other account just trade conservatively. The market may be changing such that
whipsaws will be more common for my system so I don't want all my money in on a trade.