Gotta love ZERO RISK in the SP500 = $$$

That's what I am seeing, especially after third attempt paired with rejection of Naz year 2000 zone (ATH). We tested current highs 3-4 times, now 2045 zone is in play. Asia is not going up straight away having pierced through and locked below their rising TLs. DAX is retracing too from its uber rise.


SPX daily.png
 
romik said:
That's what I am seeing, especially after third attempt paired with rejection of Naz year 2000 zone (ATH). We tested current highs 3-4 times, now 2045 zone is in play. Asia is not going up straight away having pierced through and locked below their rising TLs. View attachment 152427
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that chart has merit but that could also be a headfake breakout lower; we'll find out tomorow
 
recession2016 said:
that chart has merit but that could also be a headfake breakout lower; we'll find out tomorow
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I remain bearish via Nikkei (more bang for the buck) that being a swing trade with higher than usual risk. Intraday I will just try to latch on to whatever is on the table.
 
Important thing now is not wanting to get picky with catching bottoms or tops for the next big move, what's important moving forward is to be right, let the smoke clear, then ride til the new horizon.

Market is fairly easy to trade if you have patience for clarity.
 
S2007S said:
Peter Schiff is right on....

Euro Pacific Capital's Peter Schiff says Fed Chair Janet Yellen is right about the market being overvalued, with CNBC's Jackie DeAngelis and the Futures Now traders, Scott Nations and Jeff Kilburg, both at the CME.
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Schiff is your classic broken clock, he's bound to be right eventually. I also believe he isn't as dumb as he acts, he has every incentive to lie considering all of his conflicts of interest, i.e. being a precious metals dealer, etc.
 
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