Guys..here is another option to consider. An LD from the 2045
lows (which would explain the overlap waves). This would be
followed by a sharp pullback that forms a higher low.
Let's see if there is a reaction at/near the upper
trendline..for this to remain valid it must reverse. It can
break up and keep going higher so keep an open mind until evidence
changes.
yes doing a short yesterday for a hedge was logical at that
resistance area low risk, I think Steve did ES, I took some SDS
home, took profits pre market
SPX 30 Another Option
Posted by steve on 15th of Apr 2015 at 01:59 pm
$SPX - Chart Link
Guys..here is another option to consider. An LD from the 2045 lows (which would explain the overlap waves). This would be followed by a sharp pullback that forms a higher low.
Let's see if there is a reaction at/near the upper trendline..for this to remain valid it must reverse. It can break up and keep going higher so keep an open mind until evidence changes.
See triangle as well posted below.
SPX good spot for a
Posted by steve on 15th of Apr 2015 at 02:27 pm
SPX good spot for a hedge if needed. ES forming a small bull flag on 5 minute now. I will post 2 hour chart above.
Very nice hedge on SPX
Posted by steve on 16th of Apr 2015 at 08:25 am
Very nice hedge on SPX yesterday...
Wow, you really nailed that!
Posted by frtaylor on 16th of Apr 2015 at 08:58 am
Wow, you really nailed that! I have contractors here in our tiny townhouse doing basement renovation so I missed that post.
yes doing a short yesterday
Posted by matt on 16th of Apr 2015 at 09:42 am
yes doing a short yesterday for a hedge was logical at that resistance area low risk, I think Steve did ES, I took some SDS home, took profits pre market
Short hedge serving it's purpose.
Posted by steve on 15th of Apr 2015 at 03:38 pm
Short hedge serving it's purpose.