Inverted head and shoulders on the SPX?

What a turnaround, FAS has been good to me today. Hoping to get back in under 4.25 again. Sold into that 200 point rally. This last hour is going to be significant.
 
Quote from traderyin:

Not turning bullish anytime soon huh?
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Nope.....even sold some ES at 777.00 on up :) Remember its options expiration day....we were good for at least one good rally today imo! :)
 
Quote from stock_trad3r:

lol FAZ is NOT to be held overnight
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I must admit I agree. Personally I bought some FAS at 4.40 or so... I'm not going to sell it until we reach the gap between 7 and 8
 
Quote from AMT4SWA:

Covered first ES targets at 772.00 for 5 points.......next target set at 767.00 :)
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Good trading AMT4SWA...sirgiyan the pop today may or may not sustain bullish sentiment going into next week...it will be rocky either way as we may move sideways...I'm not the type of trader that take pleasure in watching fellow traders loose money...I've been there and done that....what is your target based on??? Can you post a chart???
 
Quote from S2007S:

What a turnaround, FAS has been good to me today. Hoping to get back in under 4.25 again. Sold into that 200 point rally. This last hour is going to be significant.
More...

Please post a screen-shot of your FAS trade.
I'm afraid no one believes you.
 
Quote from Dogon566:

Good trading AMT4SWA...sirgiyan the pop today may or may not sustain bullish sentiment going into next week...it will be rocky either way as we may move sideways...I'm not the type of trader that take pleasure in watching fellow traders loose money...I've been there and done that....what is your target based on??? Can you post a chart???
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My target is based on the gap on Tuesday opening. That's it.
You may see it on S&P or XLF. In fact you can see it on any chart
 
Quote from sirgiyan:

My target is based on the gap on Tuesday opening. That's it.
You may see it on S&P or XLF. In fact you can see it on any chart
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I apologize sirgiyan ...you're correct I see it on the $SPX and the FAS daily...
 
Quote from Landis82:

Please post a screen-shot of your FAS trade.
I'm afraid no one believes you.
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Total profit $630


I even put it against the yahoo finance homepage so you can actually believe me this time.
 

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