stelakis

SPX NEXT LOW EXPECTED CLOSE TO JAN 15

Long
SPCFD:SPX   S&P 500 Index
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7
Nothing is a prediction when it comes to stocks, just an expectancy based on indications...here my idea is based on the cyclicality of the SPX ..on a weekly time frame (very reliable time frame for observations).. I believe we have seen the high for the next three weeks and and we are headed for the next low (with a spike in the first 2 trading days due to the herds - mutual fund cash inflows that need to invested) by 15-20 of January... Right now I am sitting in cash as I am very bullish on stocks in 2018..

Comments

Any targets? downside and upside?
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stelakis lu1977hk
@lu1977hk, I would assume 2500 on the low based on its current recent channel formation. Speaking of low, is an expectancy, not a given level. How do i trade this? By the time we cross the middle Bollinger band from above I start watching the price spot on the channel. I divide my channel into four zones: the lower zone is the "be alert to buy" and the top zone is "be alert to sell".. -with stops; nothing direct. Typically when in the middle two zones I stay inactive. Because I typically buy "on the way up", being "pushed" by other buyers, I dont have specific targets... so we will see... I also typically trade the 3x SPX which UPRO...which is a mirror of what you see here but triple the profits (or losses...)..

hope that helps....
+1 Reply
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