SP500 - Trade NOW!

FX:SPX500   S&P 500 Index
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.

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.
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:)
reluctantplumber reluctantplumber
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.
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 ;-)

+1 Reply
Looks very similar to the 3rd, only a magnitude higher.
Hold off to see if we break 2095, could rocket higher if it can get to and hold above 2095.
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