SPX

Crystal ballers who chose option #3 almost made it today (too bad missed it by .5 point). Can we still get the fame and the prize money ?

http://www.traders-t...howtopic=121490

Entertainment aside, the daily momentum on SPX reached an area where countetrend rallies end or mid-range consolidations begin. At this point i will have to consult my crystal ball, as to which one is going to pan out. In other words, it's a wait game here, until more information comes in, before i make the next call. For now the ST technical projection on my buy call from 1030 has been fully met today.

We are still in a buy mode. We are still in a buy-the-dips mode. But aggressive short sellers can start probing into shorts with tight stops, if they beleive that the countertrend rally on the daily charts is close to an end. If it ends up as a mid-range consolidation, there will be time to reverse one's bias. Bottomline, the easy money on the uptrend from SPX 1010 has been made and now we are in a zone where the odds are 50:50 in favor of both longs and shorts.

I will update again, either when i get a swing sell or a contnuation buy from a mid-range consolidation.

Good luck !

Does not seems worth the risk to get short here i dont see any signs yet unlikely the previous period in march where the signs from 1111 was obvious. As the market moved higher the divergence was getting more and more obvious. Signalling a break but not now.

Of course those who chose Option #4 are still in play also...

Of course those who chose Option #4 are still in play also...

Yep.

Crystal ballers who chose option #3 almost made it today (too bad missed it by .5 point). Can we still get the fame and the prize money ?

http://www.traders-t...howtopic=121490

Entertainment aside, the daily momentum on SPX reached an area where countetrend rallies end or mid-range consolidations begin. At this point i will have to consult my crystal ball, as to which one is going to pan out. In other words, it's a wait game here, until more information comes in, before i make the next call. For now the ST technical projection on my buy call from 1030 has been fully met today.

We are still in a buy mode. We are still in a buy-the-dips mode. But aggressive short sellers can start probing into shorts with tight stops, if they beleive that the countertrend rally on the daily charts is close to an end. If it ends up as a mid-range consolidation, there will be time to reverse one's bias. Bottomline, the easy money on the uptrend from SPX 1010 has been made and now we are in a zone where the odds are 50:50 in favor of both longs and shorts.

I will update again, either when i get a swing sell or a contnuation buy from a mid-range consolidation.

Good luck !

#3 is looking oh so good now

cap.