Never been a better shorting opportunity...short ES at 944.
S&P 500 short term overbought & low VIX
- Thread starter MONEY4NOTHING
- Start date
Do you like to stand in front of the bus?
Friday at close was extremely bullish and so is today... Waiting for a flat day would be wiser, so at least momentum fades.
Calling tops is more dangerous than calling bottoms.
I'm not a psychic, but shorting now may not be the best idea. I think 1000 is a huge physcological resistance so shorting a 990 would be much smarter. That being said, if the S&P goes above 1000 all the 990 guys might be squeezed and another pop can happen.
Friday at close was extremely bullish and so is today... Waiting for a flat day would be wiser, so at least momentum fades.
Calling tops is more dangerous than calling bottoms.
I'm not a psychic, but shorting now may not be the best idea. I think 1000 is a huge physcological resistance so shorting a 990 would be much smarter. That being said, if the S&P goes above 1000 all the 990 guys might be squeezed and another pop can happen.
GM bankrupt, job losses pile, debt soars...and the trend is up?
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
EVEN WITH ALL THE BAD NEWS THE MARKET IS GOING UP! (read anything about Jesse Livermore)
GM has been "bankrupt" for a year and that has been already priced in.
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
Price action... price action... price action... price action... price action... price action...
EVEN WITH ALL THE BAD NEWS THE MARKET IS GOING UP! (read anything about Jesse Livermore)
GM has been "bankrupt" for a year and that has been already priced in.
I see that market is short term overbought with low VIX in other countries like India as well. Synchronized global markets fall coming shortly...
Money4nothing,
Not trying to shutdown your idea, but shorting now is a perfect example of a high-risk, low probability trade. If you call a top and you are correct, then you will have a nice profit. Unfortunately momentum is going against you and being short after such strong days is not the wisest thing.
Also, you continue to mention the vix and that it suggests that the market is overbought. Well there are thousands of variables influencing the market, so what does it matter what the Vix, one indicator says. Furthermore, what does in mean that a market is overbought for intraday or swing traders? Market can continue to be overbought tomorrow, this week, this month, or rest of the year (please refer to tech boom).
BTW, a low vix points to a bullish market. The VIX and S&P 500 move inversely... what do you mean by low vix? Lower implied volatility is bullish.
You're pushing the buttons and making the trades and I don't want to discourage you... Your P/L on this trade will prove one of us right. My opinion is that you are taking on a high-risk, low probability trade.
Not trying to shutdown your idea, but shorting now is a perfect example of a high-risk, low probability trade. If you call a top and you are correct, then you will have a nice profit. Unfortunately momentum is going against you and being short after such strong days is not the wisest thing.
Also, you continue to mention the vix and that it suggests that the market is overbought. Well there are thousands of variables influencing the market, so what does it matter what the Vix, one indicator says. Furthermore, what does in mean that a market is overbought for intraday or swing traders? Market can continue to be overbought tomorrow, this week, this month, or rest of the year (please refer to tech boom).
BTW, a low vix points to a bullish market. The VIX and S&P 500 move inversely... what do you mean by low vix? Lower implied volatility is bullish.
You're pushing the buttons and making the trades and I don't want to discourage you... Your P/L on this trade will prove one of us right. My opinion is that you are taking on a high-risk, low probability trade.
