S & P

volente_00 said:
Now if you get bored draw the lower channel line on SPX from October and notice where the reaction was
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do you think a 144 month bull is going to turn on a point?

when YOU are bored think about that and think about how ,long distribution has to take place before a top is in place.
a major top.
 
padutrader said:
do you think a 144 month bull is going to turn on a point?

when YOU are bored think about that and think about how ,long distribution has to take place before a top is in place.
a major top.
More...


Every bear market starts from an all time high
 
volente_00 said:
Every bear market starts from an all time high
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FACT: but 99 % of all time highs do not, a bear market, start.

as I already said I am not giving trading calls.

but from the FACT above what trading plan can you make? do not answer that, it is a rhetorical question
 
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S&P.jpg

Each time the market moves big away from trendline it comes down big. This time it really got ahead of itself. Possible scenarios?
 
GuerrillaTrading said:
View attachment 218689
Each time the market moves big away from trendline it comes down big. This time it really got ahead of itself. Possible scenarios?
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That’s a useful chart. I have been stalking a short scenario for the past two months - and making a lot of money going long selective stocks in the meantime. I felt as though the trade deal with China would be a possible climax and it was not. This coronavirus news spectacle could be the tool. Hard sell off last week on pandemic concerns followed by a surge this week on containment, central bank liquidity, etc. The market is very imbalanced at the moment.

What does the coronavirus have to do with corporate profitability you may ask. Very little. It’s just a story to explain the beginning of major selling last week. Now, beginning this week, they are fattening up the turkeys by alleviating virus concerns and juicing a market lacking sell orders to create a fear of missing out.

I am not shorting all-time highs like a fool. But, I will cease swing trading and remain flat overnight while looking for the right moment to begin shorting.
 
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