phaneroboy
Long

Golden rule: The trend is your friend.

INDEX:SPX   S&P 500 Index
Don't sell indexes!!! :)
you right but nearly 6years was not a good correction. maybe its time for trend end? i think we will see after month. anyway still more to the bear trend in November
+1 Reply
phaneroboy mindaugas7
i agree with you, sooner or leater we will see the correction of the cycle from the 666 lows to 2000 highs. but i am more inclined to see another leg up to 2100 - 2200 before to start a big correction. let see!!
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The trend is your friend until it ends.
+1 Reply
you think s&p will go to 2000?
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phaneroboy mindaugas7
Hi mindaugas7, i am long from the 1840 area (https://charts.mql5.com/6/39/spx500-d1-forex-capital-markets-2.png), i already took profit with 1/2 position, i am risk free on this trade (like the dax one) and now i will stay sit back and watch how things evolve.
Of course this rally from 1820 could turn out be a B wave in a much larger ABC correction, and if this will be the case, i will be a buyer again at the new c wave lows. This was a sarcastic post with solely purpose of highlighting that until proven otherwise we are in a secolar bull trend. For my stile of trading (i am always looking for the possibility of a swing trade) it is more easy to play the longside on indexes. However, I know many tarders that are able to earn good money in intraday bearish positions. but it is not for me...
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Why do you think so?
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