The bull has been in place for more than 2 months with no actual fundamental changing. The fed is just keeping pushing problems back and somehow investors seemed to buy that cuz of the 2 month rally almost reaching new high. Here is going to be an action plan for me. I enter a short posi now and see how that plays out. Just feel like to listen to others' opinions about the issue. :D
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Due to roamer about failure of Oil MTG, Sp follow Oil down. on a 1h graph. We could see a clear head shoulder with a should at our 2082 bull testing point on 15 mins, 30 mins, and 1 h graph. If you are interested in that, you could certainly go check yaself. :D I found it interesting cuz news just corporate with our chart. and With the news, We could see a breakthrough of the head and shoulder. Lets see how well this would go, and if it could reach our first short add position. But be careful, if you didnt open position on 2082, I suggest that do not open a position at 2035 unless, it clearly certainly breaks through the point. Otherwise, waiting for a retesting would be a good strategy of opening a posi. Just some thoughts today, and lets see how it goes. And if this 2082 could really be the testing of bull rally. :D If you got some opinions, please share with me! I personally believe sharing makes our trades gain more margins!
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Woops, a Typo, it's rumor not roamer :D mistakes happen, correct it! :33
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Ok, today's move of SP is something. Instead of following head and shoulders head down. SP actually bounce back and breakthrough the first bull test. And interestingly, Oil price actually recover the 5% lost. I have to say this is a bit crazy. It's heading to the end posi line. Let's see what happens tmr.
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Apparently, my first prediction was incorrect and the market hits higher. However, as soon as it reaches the top of 2010, and revisit it for once, it pulls back, which indicates a strong resistance there. And the SP has no problem of breaking through the lower bound of out-of-posi line, and I think it will reach 2080 and test it. I would add first 50 posi there. And set a stop lost at 2100. If it revisits it, and break through 2080, I would add 100 more posi there.