nich8790

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About me Day Trader
Joined The United States of America
Markets Allocation
100 % indices
Top Mentioned Symbols
SPX 100% | 5
nich8790 nich8790 SPX, D,
SPX: Cash is a good move.
46 0 0
SPX, D
Cash is a good move.

I have seen some different charts where a 5th wave has already completed as shown on the light blue making this a c wave? It looks like this could be a 5th wave, slowly losing steam to a larger correction... A lot of different ways to read the current chart. Thoughts?

nich8790 nich8790 SPX, D, Short ,
SPX: SPX, near / intermediate term.
223 0 1
SPX, D Short
SPX, near / intermediate term.

I am going to see how tomorrow opens but I will probably be picking up some bear etfs.

nich8790 nich8790 SPX, D, Short ,
SPX: SPX Labor Day Special
315 1 0
SPX, D Short
SPX Labor Day Special

Looking at buying this short bounce and going short once 1650 is captured.

nich8790 nich8790 SPX, D,
SPX: $SPX for 3/6. Bulls on a run.
709 0 1
SPX, D
$SPX for 3/6. Bulls on a run.

Closing right at the resistance line today, tomorrow will help determine whether the bulls will make another run higher if they continue sustained trading above 1540. Regardless of many rational factors to correct downward, (Europe, Le Sequestration, "good" but not amazing corporate earnings) it appears the bulls are on a run and may reach new high quickly ...

nich8790 nich8790 SPX, D,
SPX: SPX resistance and support $SPX
292 0 0
SPX, D
SPX resistance and support $SPX

Please comment and share any ideas as to where you think the next support zone would be if we break 1485.

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