SP500- intraday - buy here stop 1997

FX:SPX50015

S&P 500 index of US listed sharesFXCM

Description

⋅ Jan 30, 2015 4:26 PM

Comments

YaKa

⋅ Jan 30, 2015 5:37 PM

Move stop to entry 2001.5

either flat (no p&l) - or take profit 2030

julia17

⋅ Jan 30, 2015 6:12 PM

2005 stop may be better, 1955 is a magnet

YaKa

⋅ Jan 30, 2015 6:15 PM

Julia, how do you objectively define a magnet.

so far the magnet seems to be 2020ish.

1950 is our mind magnet so far.

julia17

⋅ Jan 30, 2015 6:21 PM

yacine.kanoun, ok, but i have it. if we shall finish the week lower 1978, next week, it will be the high for the february.1955 bounce to 1978 and 1820.

YaKa

⋅ Jan 30, 2015 6:26 PM

Julia, i also feel the market may have a little shake out.. 1820 seems far though.
Previous to european breakout i was also factoring a sharp correction but now, we have to take into account there is bullishness in europe so falling below 1880ish may be difficult.
I have many reasons to buy 1880 in size for the reminder of the year.

julia17

⋅ Jan 30, 2015 6:30 PM

yacine.kanoun,ok, let"s see the end of the day,it will be important-2047 high of the february or 1978.

YaKa

⋅ Jan 30, 2015 6:31 PM

I guess both targes are too far...
i would say a mellow 2015/2020

look4edge

⋅ Jan 30, 2015 6:03 PM

maybe next week setup

but i am considering shorting 2070 area with stop ATH

YaKa

⋅ Jan 30, 2015 6:05 PM

yes.. the wall street circus in the last 2hours today may already lift it past 2025...
if the pmi in china/europe/us are ok.. monday night at 2050 is feasible...
tuesday morning short at 2060 i guess

that is disney land plan.. wont happen..

elp

⋅ Jan 30, 2015 5:36 PM

Nice call Yacine!