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stockmarketupdate
Feb 28, 2020 3:20 AM

Watch out for Week-end risk Short

US SPX 500OANDA

Description

Since my last post before China Market open, SPX was trying to go up and my script confirmed it. However couple of hours later when China market opened in red, my scripts reversed course and PSX fluctuates but now is going down. As always, do your own homework.

Since lunch time, there has also been new development in japan, Korea and lay-off announcement from Cisco. I can write more but I have to get back to my trading. European market point to lower open and unknown weekend risk forcing many trades to close position of hedge. So if you are trader, you know what this means.

Comment

SPX just gone red.
Comments
MrMarketMaker
Nobody wants to hold a short over the weekend on an INDEX that just dumped 10% + in one trading week
supere
Thanks for sharing your data. I don't think bottom will be in until TRIN above 4.5 or P/C ratio above 1.75. Something very wrong with the market.
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