The S&P has topped

The S&P has topped

  • Total voters
    59
speedo said:
I don't know about tops or bottoms but this is some mighty fine trading.
More...
I hate to bring fundamentals into this, but this did after all start after Yellen spoke about unwinding the balance sheet. Its the time when I think news does matter, and whatever the chart was showing before, technically, completely changes. It would be impossible for volente to know what she was saying.

At the same time, markets may have reacted just the same if she said nothing about the balance sheet because we were already at some resistance level. Who knows.
 
Gotcha said:
I hate to bring fundamentals into this, but this did after all start after Yellen spoke about unwinding the balance sheet. Its the time when I think news does matter, and whatever the chart was showing before, technically, completely changes. It would be impossible for volente to know what she was saying.

At the same time, markets may have reacted just the same if she said nothing about the balance sheet because we were already at some resistance level. Who knows.
More...
That is why i I don't hold a position into Fed announcements or minute releases. Even if your direction is good, it's too easy to get shaken out. There are usually good entries after it settles down a bit and this afternoon was a great example.
 
recession2016 said:
original_79393051.


swinging long in a downtrend isn't a good idea
More...
 
You must log in or register to reply here.
Back
Top