2448-50 is in play on a hold of 2466-68
The S&P 500 will top next at
- Thread starter volente_00
- Start date
Mixed signals across different time frames
Hold of 2460 sets the stage to 2510-2515 on breakout
But the daily bar from 8/10 still says down on failure of 2473/74
Sept indicating 2400-2500 range
http://www.marketwatch.com/story/th...eading-into-a-treacherous-pullback-2017-08-14
Hold of 2460 sets the stage to 2510-2515 on breakout
But the daily bar from 8/10 still says down on failure of 2473/74
Sept indicating 2400-2500 range
http://www.marketwatch.com/story/th...eading-into-a-treacherous-pullback-2017-08-14
So stopped? Where is the next top?
For my clients I charge $7,000 for services
If you are a bear and think the breakout will fail then 72/74
2 gaps underneath right now
If you are a bull then you already bought low 60's of the IHS right shoulder and are targeting continuation
And if you are a trader
Then you just keep taking your shot with predefined risk and targets and letting probability run its course
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Shorted 2472.75
Stop 2476.75
Objectives are
2365.5
2452.5
2442.5
Stop 2476.75
Objectives are
2365.5
2452.5
2442.5
Shorting where you are stopped means you should just not use any stops.
No stops equals unchecked ego and blown up account
Also you severely limit your profits because you can't define r:r without a stop and profit target on every trade
I suppose one could trade stopless if you are not leveraged and add to losers to reduce basis but eventually you will get hung up. Go follow EMG in chit chat. I think he is still hung short at like 2170's from this style of trading.
What's your time frame on this? (He says eyeing his MU holdings)