This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Good one actually. Finally I'm coming to conclusion of leaving unnecessary bearish talk and go long but with caution.
Surprisingly lots of blogs I follow , all of them are in bearish talk and I've told them many times while tracking say ~15-20% correction obsessively, everyone loosing 80% of long opportunities.
At least I got our of this talk and trading with trend. Any comments pls?
Were up against 1965 according to spring heel jack as well. My fear is we just melt up the top of the rising trend line. I think everyone wants to have a date with sp 2000. This market is a joke. Were in lottery ticket and Monopoly money phase. But I see nothing that can take it down sadly enough. And tech analysis is dead!
Not only is SPX against resistance but there's a nice bearish divergence on RSI on daily chart:
ReplyDeleteprice makes higher high, RSI makes lower high.
Yes but I don't mention those anymore because divergences have been hopeless against the FED.
ReplyDeleteGood one actually. Finally I'm coming to conclusion of leaving unnecessary bearish talk and go long but with caution.
ReplyDeleteSurprisingly lots of blogs I follow , all of them are in bearish talk and I've told them many times while tracking say ~15-20% correction obsessively, everyone loosing 80% of long opportunities.
At least I got our of this talk and trading with trend. Any comments pls?
Were up against 1965 according to spring heel jack as well. My fear is we just melt up the top of the rising trend line. I think everyone wants to have a date with sp 2000. This market is a joke. Were in lottery ticket and Monopoly money phase. But I see nothing that can take it down sadly enough. And tech analysis is dead!
ReplyDeleteHi,
ReplyDeleteIf SPX breaks down is the Orange support @1852 and based on that a further move up/down again?
Thx
Hi,
ReplyDeleteSorry for my late reply. I don't think gold is out of the woods yet and I posted last night.
B.
I reckon this time the orange support will break which should take it 50+ points down.
ReplyDelete