LoLBeach
Long

SPX - LONG

SPCFD:SPX   S&P 500 Index
358 views
- despite all bad news seems that the golden shiny news are more relevant...
Comment: SHORT TERM TRADE... WATCH FOR SIGNALS ON SMALL TFS
Trade closed manually

Comments

check my idea.

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The best part of trading in this market is: when I buy a put it goes up, and when I buy a call it goes down, LOL :) So I am going to buy now and cry later, LOL :)

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Music to accompany the rise of the BULL market :)

https://www.youtube.com/watch?v=Szk1sFApvUs
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LoLBeach gvoommen
@gvoommen, buddy... interesting choice. now the situation is like this: in Paris they withdraw large sums of $... and they are on the brink of putting the banking system right down... on top of it their president is targeting for martial law... if France falls (financially) - we will feel it ! :)
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gvoommen LoLBeach
@LoLBeach, yes!
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LoLBeach gvoommen
@gvoommen, WHATCH THIS:
+1 Reply
gvoommen LoLBeach
@LoLBeach, very interesting observation.
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LoLBeach gvoommen
@gvoommen, is it ? :)
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The RISE of the BULL Market... :)
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Based on your chart, I do not see why you concluded that it is bullish. This appears to be a decision point and could go either way.
- Fighting with key resistance area and phycological level of 2600
- RSI and Stock are overbought
- Dependent on news (such as the FOMC minutes at 2pm -- 30 minutes from now)

I think it is a coin flip but my bias is temporary short due to RSI, 2600 resistance area, and other technicals from my charts.

Care to justify?
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