Hey traders. We are in quite the dilemma right now. I don't know if we have ever had two major signals reached within hours of each other. One showing bullishness, other showing resistance. We have just achieved a Golden Cross today and we are very very close to the top of the left shoulder if it plays out. I thought about selling to close my calls today at...
Good Day traders. Over the last 30+ days 95% of the posts have been to short the SPX. Everyone got really excited after posting 30 days nonstop to short it, after rising 150+ points, and finally it went down and they said "SEE SEE! I told you!" Even after major resistance breakthrough, and I mean MAJOR, they are still saying to short it. Folks I'm here to tell...
Good day traders. In my last post I talked about the Golden Cross we were going to experience. Well that time came a few sessions ago and we have broken the resistance at 2817 not once but twice. We will be melting up from here to 2870 area in quite a short amount of time as the bears are covering their short positions. Enjoy the ride! I watched the 3 point...
In my last post I said we would have more upside before turning bearish when SPX was at the 2692 level on Feb 2. While everything I pointed to turned out exactly as planned all the way down to Trump avoiding a government shutdown and declaring an emergency which shot the market up 20 points on spx, I did think the market would retrace around 2785. I'm no longer...
Hey all - I see a lot of people being bearish on the SPX lately for the last 3-4 weeks or so. While hindsight is always 20/20 I think we have a little more upside before we see a pullback. As you can see we are recently above the 50 day MA (blue) and just crossed back above the 200 MA (red). MACD is also showing no divergence at the moment. We are currently at...
