Spot the Bear. Weekly chart analysis of S&P500
- Thread starter romik
- Start date
3rd lower top still possible. As noted before open gap in Nasdaq at 5k remains open and price seems to be heading there.
http://postimg.org/gallery/tnj1o8gm/
http://postimg.org/gallery/tnj1o8gm/
I don't know, as would like to see higher volume on rising price.
It does not matter for short term daytrades, but for the bit longer ones it does.
I have started to buy some VXX shares, but not too many yet, and will scale into position if SPX continues more up, or starts to head down quickly. I feel much better buying them now than when SPX was at 1700 level!
As always, never risk money than you can not afford to lose, and you will always end up winning in the long run.
J_S
It does not matter for short term daytrades, but for the bit longer ones it does.
I have started to buy some VXX shares, but not too many yet, and will scale into position if SPX continues more up, or starts to head down quickly. I feel much better buying them now than when SPX was at 1700 level!
As always, never risk money than you can not afford to lose, and you will always end up winning in the long run.
J_S
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Third lower top in Nikkei! Hedge funds will be all over this one, algos seek out times like this exact one.
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Efforts being made to take index higher from a very important zone, but I believe they will fail.
that looks a lot like dow jones in the 1920s
Definitely!
Once again gravity vs. the CB's...Everywhere I look it's the same standoff.
The big Q is whether it's sustainable or not? It's not obvious from charts.
Russell monthly. I know it's been a PITA short setup so far, but still looks more bearish than bullish. Expect downside to resume.
