ucsgears

SPY - Stage Trade Setting up?

AMEX:SPY   SPDR S&P 500
730 18 7
General market started of by a rally in the Curde Oil             / Energy Sector, followed by supports from the Financials and other Sector bounce from oversold.

As we wait for the FED meeting next week. There could be possible opportunity to down side, from short term ( IMO             ).

Comment: So far, Just as planned.
Comment: ECB President Draghi said QE to continue until Sept. 2016 or beyond if needed and the ECB to re-examine degree of stimulus in Dec.
Comment: Previously Updated, ECB quantitative easing has not stopped. What really happened was, After yesterday close, I had a setup long generated from one of my fav strategy on a 6hr chart - Did not expect this a rally, But was expecting a retracement to the trendline. Unfortunately, it made a new high (thanks to the ECB QE announcement). Had to close the starter position. Lesson from here is - Position sizing (glad i followed my rule). Google and Amazon reported earnings as well, adding more fuel to the market after hours. Over all, I will start focusing back on the Sectors, until I find a setup with the Index.

What do I really expect from here?
1. QE is on full throttle, the deflation in US economy has been on watch since the ZB (Bonds) haven't sold off during the recent reversal move on the SPX.
2. I am not certainly expecting Dollars to explode. Certainly SPX can pop.. The Shorts covering will have to fuel that rally. Atleast for a couple of days.

snapshot
Comment: What I expected was a move like this......

snapshot
Care to update this based on todays move, factoring in after hours, etc. Thank you, curious.
Reply
At the time when you put the post I was agree with you. But market is alwas right. :)
Reply
Yep. Thanks for pointing out......
Reply
whole hips of Gaps at 180-185 that is not filled ^_^
Reply
ucsgears PRO jangseohee
Sarcasm !!! huh!!!

Let me show you some more gaps -
snapshot
+1 Reply
jangseohee ucsgears
come on i don mean to pass cynical remarks just some facts.. as those in the 180ish gap are nearer right? ^_^
Reply
ucsgears PRO jangseohee
IMO, It may not hit that, if it pulls back this time. To far from the market perspective. VVIX is normal and VIX is normalized. Without the acceleration, its hard to say.
+1 Reply
jangseohee ucsgears
yep
Reply
ucsgears PRO jangseohee
The Sector this run rotation was so precise with the market. It is a rare occurrence. I took a starter position early and had to close it for a scratch. Will take another starter soon..
+1 Reply
2use ucsgears
Starter bullish position? and at what level will you consider opening now?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out