FX:SPX500   S&P 500 index of US listed shares
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First rule of the trade club: do not try to short the stock market .
Second rule of the trade club : DO NOT TRY TO SHORT THE STOCK MARKET .

Governments of the world gave us a final signal : they do not want the stock markets to collapse. If it's necessary they will print not billions or trillions , but kilions of money. These freshly printed dollars and euros are coming into the stock markets. So if you don't want to fight with an enemy with unlimited life and support it's better to ride this bull in the shadow of the powers. Will this cause a currency market collapse? Mots probably yes. In 202x. Till that time we don't have to worry just buy the dips.
In the following days or weeks SPX             will break to new highs and will force a terrible short covering rally as every short player will have to realize that the Brexit was just another Bear trap.

WIth or without UK the stock market will rally.
Show must go on.
Bpot555
5 months ago
Any thoughts on Gold?
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Nightstar
5 months ago
Arpi is bang on! We are indeed headed for another bubble, not a Bear Market like most 'so called' professional analyst are calling. It's time to wake up and smell the roses :)
+2 Reply
webmiztriz PRO
5 months ago
lol
1st rule: we do not talk about StockClub
+3 Reply
webmiztriz PRO webmiztriz
5 months ago
Correction: SPYCLUB
+2 Reply
chartwatchers PRO webmiztriz
5 months ago
LOL.
2nd rule if it's your first night in the trade club : you have to trade.
+1 Reply
Chartsmith
5 months ago
Like your idea. Also with you on the 2 rules of trading club ;) Couldn't this work in reverse though? What if this post Brexit rally is a technical correction. Covering long positions after the spike down. In that case wouldn't we have just reached neutral and still be in need for a catalyst to go higher? With nervous markets bears could assume some control. And create some consolidation before a move in any direction. Any thoughts?
+1 Reply
chrisninja
5 months ago
stock market is likely to retest the high, but might not break out the high and stay there.
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traderzaius chrisninja
5 months ago
it will break it :) Intermediate cycle just began, the high will be the bottom soon
+1 Reply
ma.sanjuy
5 months ago
interesting observation... Arpi... what entry price range do you suggest for a novice like me???
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Quantum_Maryland_Capital ma.sanjuy
5 months ago
I don't want to intrude but look for the areas the market want to protect and where there is support...........like 2100 for example. Huge battle there today during the afternoon and the bulls won. I'm sure the author has solid ideas as well.
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Agree with the general direction of your idea and the role of central banks injecting additional liquidity. But I would think the bulk of the shorts would have been taken out at 2073, the retracement high made last Friday following the wild gyrations Thursday night after the outcome of the referendum was released. Let me qualify that, I can see some shorts on ES_F between 2095 and 2099. (Add about 8.5 points to get to $SPX.) On Market Delta, nothing beyond those. The easy money has been made. Thanks
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traderzaius
5 months ago
quite a few big boys have blown their accounts the last few days shorting.... whether it be SM or PM, shorting = death
+1 Reply
jarojr
5 months ago
Som presvedcený, ze indexu nepomozu miliardy, ani bilióny. Sp500 pojde dlhodobo dole pod hranicu 1600!
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chartwatchers PRO jarojr
5 months ago
Nemyslim si , ze uvidim ...
+1 Reply
andrej123456 jarojr
4 months ago
preco si tym presvedceny ?
Reply
chartwatchers PRO andrej123456
4 months ago
Rozisli sme , alebo nie? Tak to bolo v poriadku ...
+1 Reply
andrej123456 chartwatchers
4 months ago
Hello Arpi. It was question for jarojr. I was asking HIM WHY IS he so sure that SP500 will fall back to 1600... Your Slovak lang is quite good. But I want to ask you if you think that we will see some pullback next week on SP500 ? Thank you.
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chartwatchers PRO andrej123456
4 months ago
Ah. Ok. I thought you were asking me. Didn't check the name....
:)
+1 Reply
andrej123456 chartwatchers
4 months ago
Ok, but I was aking you right now if you think there will be some pullback next week ? Thanks :)
Reply
andrej123456 andrej123456
4 months ago
? Thank you.
Reply
monicaswkk PRO
5 months ago
Thank you Arpi, lesson learned!
Reply
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