SPX500 arches over the full moon update

FX:SPX500   S&P 500 Index
78 6
So the arch is being followed, as it has before. The full super moon is very big and bright and beautiful tonight, you should take a look at a beautiful thing. The purple box indicates a possible reversal before it completes to the previous low. If it does that, it has a higher chance of trending up from there. This time may be different simply due to the severity of the downturn, and the fear indicators. RSI says we go lower, or at least have room to do so. Oil bouce today was huge, and EURUSD up, and USDJPY down.
I'm short since 1984.39, hopefully it starts to accelerate asap.
Looks good so far.
About oil, I'm waiting, got out of my long then shorted it and covered but missed the last bit of the rally.
You in on any positions?
Waiting for USDJPY to start moving as well...
claydoctor IvanLabrie
Like a dope, I cashed out my uwti long today, and missed the spike, but made plenty of profit from the move of .80 to 1.10. I think OIL will continue higher, and may buy a dip next couple days. Still in my VXX call options, and this asian market sell off, and the spy futures down looks very good, hope it holds going into tomorrow's session. Also, bought some GLD call options last week, hoping to see that drive higher, and have not seen a run to safety spike, with many thinking the FED will raise in sept. But if they dont, I look for gold to spike then. so we will see.
+1 Reply
claydoctor claydoctor
Ivan, what is the best currency trading platform service to use, with a small amount of dollars to start? What do you use? I track currency pairs so much as indicators for market trends, pivots, and direction, I think I know them well enough to trade them.
+1 Reply
IvanLabrie claydoctor
Sometimes risk/reward is greater in currencies, vs correlated equities (like the case of usdjpy vs S&P500 short, I did short with CFDs though).
I can reccomend either the local FXCM, or Global Prime, or best case scenario Interactive Brokers, but not sure if the 'small amount' to begin with is doable with them.
Websites: (I'm used to MT4, I find it agile but some consider it cumbersome, up to you)
claydoctor IvanLabrie
Thanks :) very much for the info.
+1 Reply
IvanLabrie claydoctor
No prob, hope it helps.
Crossing fingers:
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