SP500 after ECB frontloading news - Pain higher or Breather

FX:SPX500   S&P 500 Index
318 9 9
I find these configuration difficult to trades.

if you trade long, stop below the 13d ema on close ie 2105 here
If you trade short: zero premium wide Risk reversals or small enough size so 2% upside can be sustained (arm yourself with patience if it remains sticky)
Yes it is a bit tricky as you say but as we have now - a stock market rally and USD rally at the same time, one must give in, thanks for sharing )
DT, what you say is clearly wise and academic but as the chart below illustrates, in the last 2years there has been over 10 situations with fake breakouts before a breather or even a large correction.
+1 Reply
In essence, all breakouts do not give rise to a full blown rally. If so it would be easy to trade and humans would be useless at it. I am not saying that you wont enjoy a 3% rally from here but it is not guaranteed and limited in most likely cases.
courtesy of another trader that incorporates astrology and the bradley turn dates 5/24 5/25


2040 target next week
I see, thanks
Why do you wait correction to 2050?
YaKa OptionBase
SImply because i believe it will happen.
The question here is not if but when.
In other words the question is whether there will a few weeks pain to 2160 or if the market breathes with an imminent start to that.. I dont have the answer to this.
You are right, question is "when". But I think the rally has started only now and where and when it stop we will see not soon.
YaKa OptionBase
Many things are subjective and discussable. Different opinions are possible but facts are facts: The rally did not just start. It started on the 14th of october and is already 7 months old. Already amongst the longest rallies since Mar09.
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