Fontas
Long

Fade the SP500 gap down

AMEX:SPY   SPDR S&P 500 ETF
319 5 3
Easiest trade I've seen in a long time.

In the recovery of a 12% panic dump, we have an opening gap down. Beautiful textbook trade. Fade the gap (Buy long)

-"Technical Analysis of Financial Markets"

Related Ideas

mojeauxgrey
2 years ago
Looks to me like it's too early.
Reply
kfarnan
2 years ago
Entering a bear. Why would you go long on a bear market?
+1 Reply
Fontas kfarnan
2 years ago
It is clearly a bull market.
+1 Reply
djthistle01 PRO
2 years ago
bear bear bear, http://www.forbes.com/sites/greatspeculations/2015/09/03/welcome-to-the-opening-round-of-the-new-bear-market/?utm_campaign=yahootix&partner=yahootix
Reply
LEckhardt
2 years ago
We are in a bear market so best to sell rallies until spx breaks 2K IMO
Reply
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