LeoYao
Short

Two potential short zone for SPX500

FX:SPX500   S&P 500 index of US listed shares
2037 15 47
Many followers asked me why I do not long SPX500             . It's not I do not like SPX500             and do not want to long it. But the price here is not allowing me to allow it. I have my own interested long zone.
Comment: Just nicely hit up level of 2138.1 and short
Comment: first entry SL.
Comment: Almost Hit.

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Comment: Be more patient.
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Comment: Finally come to here, Power of analysis guys.
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Comment: Wait for final hit on green zone.
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In 2013 I was looking at GOOG 450$ -ATH and thought the price was not good for a long so sold it. The price had nearly doubled in less than two years. Now I know that price and ATH's should not dictate how I invest. If SPX breaks I would look for a better entry around the 2250 area (in the very short term) before considering it overbought. Until then I think a good short will happen on the intraday basis (pull-back) only. I only say this because it's been over a year since SPX has been at this level. The SPX generally gains about 8% per yearover 90 years of data. There could be about a 12% potential upside move to consider if you look only at price.
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LeoYao rodrickhan42
Thanks for ur idea sharing, it's really useful
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Hi Leo , do you expect any pullback before reaching your target ?
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LeoYao Nshan
Hi , maybe, spx is not easy to drop
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Short opened at 2137.9, SL applied but top of target range shows some resistance.
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LeoYao tidd83
hi I have not got SL yet. But u have ur own SL due to food money management is perfect
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no good potentials , will go even higher friend don't waste time in shorting you will hurt yourself badly
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any update to this chart?..i guess now we wait for 2177 to 2184
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LeoYao nheminism21
yes, i personally is wait for that
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my short point will be 2203 due to 161.8 fibo.
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LeoYao Nshan
reasonable.
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you still waiting 2173 looks to be high enough?
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LeoYao nheminism21
Why not wait
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target met or no? for short
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LeoYao nheminism21
Student group will know that
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