Uptrend has gone beyond the longest "balance point" where the red line is drawn.
The latest surge occurred after a move through the 14-day mode near the 109 level and there remains another 1% potential on the upside for a reach to 116 from 114.75 last.
I'm open to a wide variety of outcomes from this level of price and time, but if you are long and following "Time at Mode", then you'd hold on for 116 for 7 more trading days. Exit at 116 or use a tight trailing stop once 116 is reached. And/or exit at the end of the 14th day (next Wednesday, 11/19)
Tim 2:04PM EST 11/10/2014
Comments
cooney_s
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Just watched your instructional video on youtube. Thanks for offering one of your strategies, its very interesting and proven successful!
Raja
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i have shorted @110. any advise if it is going to come back to these levels?
Toutatis_4179
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I have short my spx500 @1980. Not sure what to do either...
pabx06
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i stay long until boj unwind QQE II if they ever did. or usa starts a QE4 anyway yield is better in USA