Medium Term Trading of SP500 with Cycle Analysis

  • Thread starter Thread starter SPX Blaster
  • Start date Start date
SP500 gap down about 21 points.

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I exited the SP short trade over night. It turned out to be a good move. I did cycle on eurcad and now short that.
 
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I had nice profits on the SP short and closed out so as to not give them up. Turned out to be a good decision as now SP index moving higher. I looked at some currency pairs and eurcad looked like a good set up, so I did my cycle analysis on that, and the attachment is what I found out. So I shorted it. So far so good.

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Long term, sure looks like the making of a bearish head and shoulders.


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Trump is nuts. Said China called twice to do talks again. It was just reported that China officials said they don't know what Trump is talking about. The overnight rally was based on a lie by Trump!
 
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