Posted by spytrader on 9th of Oct 2014 at 02:37 pm
$SPX and other wkly charts look toppy and breaking thru MA. Am
looking to get intermediate-term short but would prefer lower-risk
entry. Steve/Matt, do you think prices might pop back towards the
$SPX 2000 and put a RS in place or does price just drift down after
this much selling. Got shaken out of my short early am :(
spytrader..search the blog below and you will see that scenario.
Price can go lower before a better swing setup. Keep and open
mind and I will point out when that occurs.
$SPX and other wkly charts
Posted by spytrader on 9th of Oct 2014 at 02:37 pm
$SPX and other wkly charts look toppy and breaking thru MA. Am looking to get intermediate-term short but would prefer lower-risk entry. Steve/Matt, do you think prices might pop back towards the $SPX 2000 and put a RS in place or does price just drift down after this much selling. Got shaken out of my short early am :(
Could be like this...
Posted by saturn6 on 9th of Oct 2014 at 02:43 pm
I think it could be well wotrth hanging on.
spytrader..search the blog below and
Posted by steve on 9th of Oct 2014 at 02:41 pm
spytrader..search the blog below and you will see that scenario. Price can go lower before a better swing setup. Keep and open mind and I will point out when that occurs.
Thanks guys, nothing like stepping
Posted by spytrader on 9th of Oct 2014 at 02:48 pm
Thanks guys, nothing like stepping away for an hour and missing a big move. Ugh. Will be on the lookout.