FX:SPX500   S&P 500 index of US listed shares
130 14 5
Looking left of the chart, selling at the top of the channel, buying center channel has been a good RR trade. If price trades down to the bottom of the channel it's been a great RR long. Why try to reinvent the wheel? Looking to long next week into 2155/60 where I will flip to shorts. Will keep this trade plan until it stops working.
jangseohee
2 years ago
2138?
SPX.. have not touch 1.618 yet?
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elp jangseohee
2 years ago
Possible. yet I think the top channel which currently is in confluence with the 2150s could get kissed. Here is a fib from all time lows to year 2000 highs, the -0.382 is at 2145, which is in real close to the 2150s Although the -0.618 is up at 2510 Who knows if price will make it up there???
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jangseohee elp
2 years ago
around there, plus minus :-)
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elp jangseohee
2 years ago
If history repeats? Setup that lead to Sept/Oct 2014 highs/sell off.
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If history repeats off the October lows????
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elp
2 years ago
Looking at the COT report for the ES, specs are heavily long and commercial are very short. The last 3 times the ES COT report had a similar posture, the ES experienced a correction. The more price keeps ripping into highs where retail gets more long with commercail getting even more short, would give me more confidence a correction of 10% or more is nearing. However, I could be 100% wrong. link to cot chart - http://www.screencast.com/t/fiYACXOc
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elp
2 years ago
Accumulation & Distributio. Top A/D indicator not confirming accumulation like at February lows.
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elp
2 years ago
Rate of Change, showing increasing momentum from recent lows.
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elp elp
2 years ago
ATR is increaing. Left of the chart an increasing ATR has lead into a pullback to buy the dip.
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elp elp
2 years ago
March and Monday has been an up day. Will the following Monday make it 4 for 4? Will look to long on observed support moving my stop to BE asap.
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elp
2 years ago
Cycle chart for the SPX. Moday is a fib cycle day while Friday is a fib level in time. Don't know direction but believe both days could be an inflection point.
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YaKa PRO
2 years ago
Very Clean Chart.

Going 150 again for a short again would be perfect.

I am not sure if this kind of perfection will be provided again.

2040 is the key level now: Long as long as above.

Other strategy: short a bit here and add if 2150... that shall make money at some point in the higher time frame.
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elp YaKa
2 years ago
True, 150 would be an early x-mass present. The upper trendline was pierced, price closed right at it. Not being able to clearly take it out would get me looking for shorts.
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elp
2 years ago
SPX priced in euros, broke it's year 2000 highs in January of this year. Could this be a breakout and backtest? Notes on chart.
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elp
2 years ago
S&P500 Real Price - Current highs on a monthly close could be contained by the upper trendline on chart. Notes on chart.
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