SP500 : The only way is up

FX:SPX500   S&P 500 Index
Good morning traders,

SP500             broke a descending trend line which suggests a possible run to higher highs till end of the year.

Any retracement would be used for additional buy opportunities

The only way is up

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade closed: target reached: I´m closing position, target achieved :-)
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My apologies for being such ingorant. I was new in the market, and still young. It went the way you predicted, ofcourse, that's pure logic haha. And if it didn't, I still come with my apologies. I went threw my profile, and saw I commented this stupid bs.
Have a nice weekend.
Bang. :D
+1 Reply
Yes, agreed...yet so few people think this way.
RandomDane IvanLabrie
@IvanLabrie, It has been the best week for this index since 2011. Getting further up, is unrealistic. Stocks go Up And Down. not Up and Up. I am not saying it cant go higher, but It wont be on monday.
IvanLabrie RandomDane
@RandomDane, hi, I think there's still more upside to drive people out of cash and flip long...and to eliminate all shorts.
The same is true of gold, the other bubble at the moment, sentiment wise, everyone hiding in gold. It'll go under 1200 again, then up.
IvanLabrie IvanLabrie
@IvanLabrie, and what happened?

(gold under 1200, check, SPX above 2200, check)
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