Reader--you might not understand why I say this, but this is one of the greatest trades that I have made in the past 2 years.
Out 3896.75 for gain of 12.5 pts. There's likely more downside but it's time for bed and with high leverage, a good gain has been made. --I don't have a large loss from earlier in the day to make up for due to the quick reaction to market conditions and the exit of the first trade prior to the drop.Short 3909.25 Initial stop 3940.50
Excellent choice last night as more downside has been delayed.Out 3896.75 for gain of 12.5 pts. There's likely more downside but it's time for bed and with high leverage, a good gain has been made. --I don't have a large loss from earlier in the day to make up for due to the quick reaction to market conditions and the exit of the first trade prior to the drop.
3820/3800 from here. Maybe by week end. I don't pay much attention to H&S, but couldn't help notice.
Big picture we're still in a large trading range here at ATHs.
View attachment 255451
Stop raised to 3907.00Long 3926.50 Initial stop 3898.00
Exited at 3917.75 but was unable to post. ---For journal integrity purposes, this was stopped out for a loss of 19.75 pts.Long 3926.50 Initial stop 3898.00
I suspect that we have made a short to mid term top on the SP at 3983. It remains to be seen if it carries out and becomes a long term top.