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.
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.
elp
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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.
elp
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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 - screencast.com/t/fiYACXOc
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???
jangseohee
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around there, plus minus :-)
elp
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If history repeats? Setup that lead to Sept/Oct 2014 highs/sell off. If history repeats off the October lows????
elp
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S&P500 Real Price - Current highs on a monthly close could be contained by the upper trendline on chart. Notes on chart.
elp
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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.
elp
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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.
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.