SPX500: The Force Index View

S&P 500 index of US listed sharesFXCM

Description

⋅ Feb 24, 2017 5:32 AM

It's a funny place.

⋅ Feb 24, 2017 2:33 PM

Always take your partial profits as it moves guys, don't wait for a "magical" target to be hit. Take off some at each fib level or/and at pivots.

⋅ Feb 24, 2017 2:45 PM

⋅ Feb 24, 2017 4:19 PM

⋅ Feb 24, 2017 4:50 PM

SPY 5 min, note the selling pressure

⋅ Feb 24, 2017 6:14 PM

60% to 40% imo - EOD action

⋅ Feb 24, 2017 7:08 PM

going flat at this Mean

⋅ Feb 24, 2017 8:04 PM

back into a short

⋅ Feb 24, 2017 8:33 PM

5 min SPY

⋅ Feb 24, 2017 9:06 PM

I'll continue to short the top of this range. Every time. Probabilities.

Comments

UnknownUnicorn292837

⋅ Feb 24, 2017 6:25 PM

UnknownUnicorn292837

⋅ Feb 24, 2017 8:15 AM

It's a pretty fine balance and my probability assessment for the moment is 55% down vs 45% up.

UnknownUnicorn292837

⋅ Feb 24, 2017 8:12 AM

In a bull trend about 80% of reversal attempts fail according to some experts. This is a very useful statistical observation.