from a long time back published these megaphone patterns, we are now moving all the indices into the expanding top. Have been leaning long most day trades but now as we get to the two topping areas if market shows weakness will go short.
Comment:
this move up has hit a few R levels for me, will be on high alert with my longs. Will only lean short when market decides.
Trade active:
i entered a few very small risk put spreads in SPX today, not in full short conviction yet but a start position.
Comment:
When I say I am starting a position it will mean extremely low risk.
There are still areas of resistance above and we easily could test them areas.
I am speculating on a short, but trading what the market presents, Have no problem getting long also.
There are still areas of resistance above and we easily could test them areas.
I am speculating on a short, but trading what the market presents, Have no problem getting long also.
Comment:
Tomorrow could give a good signal to short more, will be waiting for that signal
Comment:
The daily info was not to short, so for now sticking with what i have. will be posting new chart when i add next set of shorts.
Comment:
Will publish new when triggers but will be looking to take small risk on short if first hour low is taken out