Gotta love ZERO RISK in the SP500 = $$$

For the past 3 months the SP500 and Dow Jones Industrials have been in decent range, decent enough to make money. Today we are smack dab in the middle of this range. This is not a bad environment to trade in. Nice wide ranges you can make good money.
 
Rickshaw Man said:
Thank you for your comments, your a short term bear.
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I wouldn't brand myself a bear, if I see a shorting opportunity, then I will take the bate, but as overall stock market is in an undeniable uptrend I will be quite enticed to go Long once oversold condition presents itself.
 
Developing inverse head and shoulder pattern. This will be one nice run higher if it completes. Im going to position myself for an upside breakout right now.
 
Rickshaw Man said:
Developing inverse head and shoulder pattern. This will be one nice run higher if it completes. Im going to position myself for an upside breakout right now.
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Im betting on a rise higher for the....AT THE HIGHS OF THE SESSION lunch time, feel good, and that inverse head and shoulder pattern.
 

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I haven't put on any trades in about a week, ever since the nasdaq broke out to historical highs I haven't touched this market, my last darted was June 15th, waiting for the nasdaq to fall a good 3-5% before I even dip back in, hopefully its a 10%+ dip...everything in this market is just to rich for me....no need to buy here and hope for a 2% rise when the chance to the downside in my opinion is greater, but who knows, we all know these markets only move up so next week with job reports and ISM figures and especially greece, if those all come together perfectly the dow could surge to 18,500....no such thing as corrections. Or is there, hmmm
 
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