SP500 will dump again? What the next position?
Hi everyone!
We have a lot of panic sales for each market for the last few days. As you know US market growth lasts 10 years, and of course, in one day we will open great short positions, but not today!
Is it really a very cute thing, when people can try to open short positions in a growing market. Technical analysis it's great, but needs to take into consideration fundamental parameters also.
For the last few month, I am closed few profit positions, and base on my historical winrate for the SP500 I will have a few more. So the best position now it's waiting :) I don't' have any position for the SP500 market.
What we are wait for?
We are waiting for a few scenarios.
If we will see close 1D above 3415.4, we are ready to go with a long position.
If we will see close 1D below 3226.3, we need to wait again and take a look at the fundamental parameters, because it's maybe a good position for short.
Emotions in this situation are very bad. Don't try to catch all small moves (save your money), we will most likely see consolidation in the near future (1-2 weeks). Our task is to be in the right direction at the right time. And the best situation if your strategy will say you this!
Please, let me know what do you think, and if you are interested in the next position for SP500, just follow me and I will update this idea.
We have a lot of panic sales for each market for the last few days. As you know US market growth lasts 10 years, and of course, in one day we will open great short positions, but not today!
Is it really a very cute thing, when people can try to open short positions in a growing market. Technical analysis it's great, but needs to take into consideration fundamental parameters also.
For the last few month, I am closed few profit positions, and base on my historical winrate for the SP500 I will have a few more. So the best position now it's waiting :) I don't' have any position for the SP500 market.
What we are wait for?
We are waiting for a few scenarios.
If we will see close 1D above 3415.4, we are ready to go with a long position.
If we will see close 1D below 3226.3, we need to wait again and take a look at the fundamental parameters, because it's maybe a good position for short.
Emotions in this situation are very bad. Don't try to catch all small moves (save your money), we will most likely see consolidation in the near future (1-2 weeks). Our task is to be in the right direction at the right time. And the best situation if your strategy will say you this!
Please, let me know what do you think, and if you are interested in the next position for SP500, just follow me and I will update this idea.
Trade active:
Everything looks good, I think we will have a long position soon