chartwatchers
Short

S&P 500 - New high with too many divergencies

FX:SPX500   S&P 500 index of US listed shares
1922 7 50
3 months ago
S&P             has broken to new highs, but I see too many divergencies...
We had a 29 days of rally and it seems the higher high will not be holded.

That is the main reason I closed my S&P 500 Index             longs.
We just wait for a healthy pullback - maybe the testback of the breakout and enter with longs again.

I set this idea as a short but I'M not going to play this on the short side.



3 months ago
Comment: Taking profit on half of the position (2169)
3 months ago
Comment: Unbelievable. Not that we got out half of the position at the exact bottom. The fact that the market is under control of the powers and simply cannot fall.
I will close the rest of the position tonight. We are fighting with our shorts as ants against the elephant.
snapshot
3 months ago
Comment: After yesterday's and day before yesterday's move I feel strength here.
So I don't want to sit in the shorts anymore especially when oil shares are breaking out.
Closing the other half of the short position at 2178.
3 months ago
Trade closed manually
bertcoin PRO
3 months ago
Smart not to short against the US election cycle....
Reply
Mitasse
3 months ago
Seems to be hard to get a significant correction, lots of resistance.
Reply
bertcoin PRO
3 months ago
Just chugging along the trend line... I've lightening up to have some cash on hand when that "healthy pullback" happens.
Reply
bertcoin PRO
3 months ago
I follow an economist that loves cycles and capital flows. According to him, the "flight to safety" of capital to the US is providing a ton of support (not to mention the free money of QE infinity everywhere in the western world).
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Richmand808 PRO bertcoin
3 months ago
What is the name of economist?
Reply
Bearbud
3 months ago
Are you going to close your short position on the Nasdaq 100 as well?
Reply
traderzaius
3 months ago
Can't short the printing press.
Reply
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