The_Unwind
Short

Coin Toss ..Bluffing and Postering Almost Complete

SPCFD:SPX   S&P 500 Index
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782 9
In my last article,
I suggested S+P 500 would break down from 2600 resistance
based on the circular dome pattern that I drew previously in red.
If you were paying attention,that is exactly what happened today.

Interestingly enough, do note
the same type pattern has showed it's hand in today's trading,. as well.
Reference the drawn line in red on today's 15 minute chart.

It is only a matter of hours, before a breakout move,on either side
will resolve this pattern, or worst case, simply prolong it,
so no one wins.

The market is going to grab onto some piece of fundamental news,
this week,to make it's decision known.

This really is a coin toss, in deciding which way that break will go.

Bullish/Bearish Spread Trade, or opting out completely,.. until decision is known,
is perhaps the best strategy, though many will try to roll the dice to catch the break, on either side.

SPX 2582.61

THE_UNWIND
1/14/19
NEW YORK

It has broken out upside, but there is no big movement. Now it's becoming weaker and coming back...
Reply
dragonus dragonus
@dragonus, Strong resistance around 2600 and 24000 levels and turn it back. Let's see the next attempt to move up...
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WHAT IN HECK IS GOING ON ? ON BAD EARNING WE GO UP ? HOW ?
+1 Reply
Went to cash yesterday. Will wait for commitment.
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This bull has run almost for 10 years. How many more years could it continue to run?
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everybody run out of steam... now the exports and other background mechanisms ... decided :) ... you are very patient sir Unwind... great quality.
Reply
The_Unwind LoLBeach
@LoLBeach,

Thank you, my brother.
Reply
Four days narrow range trading with lower volume tells that fund managers are watching and waiting. Maybe small guys should do the same.
Reply
The_Unwind dragonus
@dragonus,

Good advise. Thank you.
Reply
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