SP:SPX   S&P 500 Index
357 4 2
Looking into further decline scenario
Comment: Nothing good ever came out of inflation and high interest rates. Indebted to the state and to the banks will squeal even louder as they are watching their principal debt go down in real terms while interest payments pushes them even harder against the wall of worry. In the world of global supply chain - energy and commodities are principally bought and sold in USD. So prices will rise from the bottom end followed by exponential rise in cost of semi finished and finished goods along the ladder of adding value on the way to final consumer. This is a self enforcing loop that is inherently dangerous and is best avoided. Goods and services will become more and more expensive at the point of delivery. So high inflation is caused by high interest rates and not the other way round. Income is taken away from working people - value of work is diminished. Equities will flip to the downside not to mention the value of money. In the process of moronization - sense, good judgment and morals went out of the window
Comment: SPX will flip on Tuesday the 13th
Comment: Yes. Median property prices will go down. Those with mortgages in currency they don't get paid in will suffer.
Comment: Tuesday 20/02/18 Entered 2/8Short@2720. Stoploss@2757. GL
Comment: Losing money as soon as I entered. This index needs to be fucked up. Badly.
Trade closed manually:
Comment: Long triggered at 2758. Stop moved down to below the gap at 2744. GL
Comment: Two lots are in play off of 2758. La and 2La. Stop moved to BE. Lot 2La TP at 2805.

Related Ideas

always is haha, good shit brotha much appreciate it
Reply
thanks for the heads up
Reply
trajkovic TooTone03
@TooTone03, you are welcome, GL. Observe change in gradient. Should this trade materialize - expect massive 4h pins to the upside - this may end up as nerve-racking trade
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out