FX:SPX500   S&P 500 index of US listed shares
348 6 4
Hold a short at 2091 into close.

either exit flatish at 9pm or ride down if closes below 2085 tonight.

After 30pts amplitude intraday, it is unlikely SPX             will go higher today.
reluctantplumber
2 years ago
Hold off to see if we break 2095, could rocket higher if it can get to and hold above 2095.
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TomPip
2 years ago
Something similar as April the 3rd (also a Friday) would mean not much lower than 2060 for that short. That is, if NFP doesn't completely s_ck balls causing markets to tank.

A sell carried into the weekend doesn't mean we sell more on Monday. Market has a short term memory.

Also, i'm following your posts and i'm noticing you're somewhat more evenly divided between short term long and short positions. It's kinda like you're in a pennant/going sideways, like the market ;-)

Cheers.
+1 Reply
reluctantplumber TomPip
2 years ago
Looks very similar to the 3rd, only a magnitude higher.
Reply
YaKa PRO
2 years ago
Gentlemen,

I think the moves are contained either way. it is a question of money management.
I think this bottoming is going to last a few more days but i could be wrong.
If i am wrong, it wont go too far upward.
If i am right, i ll have an opportunity to attempt a perfect fitting by buying lower...

Rob, do you realise you keep projecting what is going on in the last 2 hours.. if up you see 2140.. if down you see the end of the world... This is out of line with what is happening: a storm in a glass of water.
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reluctantplumber YaKa
2 years ago
All storms start somewhere, maybe only the flap of a butterfly's wing in Africa brings a Hurricane to Florida. In my view the S&P showed a clear violation of the bottom trend line from the October low. Now we are running up against it on the other side, so yes I am watching it closely. It's a hobby really, but we all like to make calls to show how smart we are:)
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reluctantplumber reluctantplumber
2 years ago
I forgot - S&P also violated the bottom line for the March low yesterday, if either of our projections are to pan out in the time frames we expect, yesterday's action is a pivotal part of the analysis.
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