blackmarkt
Long

Don't call it a comeback: SPX

SP:SPX   The S&P 500 Index
Longer-term bullish uptrend still intact above 10SMA but may be due for a dip leading to a negative November close to relieve a lil overbot status. My model still indicating bullish close to 2014 but have been taking profits all the way up to 1960's (some a lil prematurely unfortunately). Will be looking to add back long positions closer to 1920-1900
Looks like I am the only one openly bullish on SPX/SPY on this social charting site.
Reply
I would say prematurely is not the right way to say it. You cant quite predict the future, and no indicator can. But taking profits sooner rather than later is not as bad - it could have been much worse and should you stay put, you would be much more mad at your exits. People have more emotions on losing than on winning. This is why it is taking profits vs avoid a further loss in my book. Taking profits happens more on an upbeat market, loss cut on the way down
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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