Guys, Please don't be trapped and go bullish on hearing the news of Positive Vaccine outlook, S&P is just testing the level of 2950 for the third time, but it can never break it out, rather this would be a good time to go Short. Remember the old Saying Sell on Highs.TVC:SPX
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Look it closed below my resistance level of 2954, I hope none of you made a long position.
Because of your post I stayed short! You should have seen me those last 10 minutes swearing at the screens! Hope that was the top and I can make a slick 20-30!
DaddySawbucks
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Ty for post and encouragement!
Should tap 3k and rollver IMO:
z3m25
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I went short at 2950, but if we're above that at close I'm closing all of it out as 3,000 will be likely. Not gonna get stuck with the anti-momentum hand and bulls have momentum that's for sure.
dereckcoatney
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Yes, for the love of God, longs could get murdered from here.
maple80
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I am puzzling as there is no vaccine to common cold, SRS and AIDs, all of sudden a miracle vaccine for Covid-19. So what went wrong in the pharmaceutical industries?
Just_Roy
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@maple80, Vaccine news was just to pump markets, mostly fluff imo :)
ekaithula
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Thanks for the reminder. I was letting emotion creep into my trading strategy.