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sum1
Jul 19, 2016 2:56 PM

SPY IN NEW BEAR MARKET DATA Long

S&P 500 index of US listed sharesFXCM

Description

EVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost 100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after few months of the election drama. Probably 2017 after summer/winter latest. What do you think?
Comments
G13Man
new president , feel sorry for them , cause i agree with you , but their own party contributed to the problems !
felix997
Baby steps are good . It is a good way to see it . It is scary . But it seem possible. It what I like here . Idea's . So I like it but I can't trade it . Baby step is my way
sum1
Sure baby steps are good. But I stopped it. I look long-term and some times I stop trading for weeks to get the clear picture. My holdings are for months if not years. I will be out for months during winter if market gets volatile. Short term drama is not for me.
felix997
We can go to 2300 so if I short here it will be for a m
sum1
Yes new high is a good possibility as my weekly charts are still strong. But don't know how far it can go as it is an open sky. So probably in daily weekly charts I will draw trend line and if it breaks my long will be out for sure till I re-enter the market.
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