SPX Daily View

    Posted by steve on 10th of Dec 2018 at 03:36 pm

    $SPX - Chart Link - now backtesting that trendline 

    how did u draw the

    Posted by trader5 on 10th of Dec 2018 at 03:45 pm

    how did u draw the low trend line ? now what

    trader5 - simply some resistance

    Posted by steve on 10th of Dec 2018 at 03:48 pm

    trader5 - simply some resistance to be aware of - let's see how we close.  

    If one wanted to go

    Posted by chapgolf on 10th of Dec 2018 at 03:44 pm

    If one wanted to go long based on the doji, would it be prudent to wait for a fib retracement tomorrow or take the trade today with a stop below the doji?  Thanks.

    Yes one long trigger could

    Posted by matt on 10th of Dec 2018 at 04:22 pm

    Yes one long trigger could be over today's doj, however with such a long legged doji your stop has to be the doji low

    In volatile times like this for those looking to trade indexes try looking intra day charts if you can for better triggers earlier. Today I pointed out that 15 min doji that provided a nice entry way down around 2590 - 2600.  I also commented today that a doji was forming this morning and if one triggers off that you would be already long from around 2608.  These earlier entries would make having a stop at the doji lows easier to stomach.  

    anyway a lot of hammers and dojis today.  Best to see follow through tomorrow, and also need to see symmetry breaks, today's rally is still less than the one from Dec 6th to morning of Dec 7th. See attached charts of SPX 15 min, 60 min, and QQQ's 15 min

    Thanks, Matt

    Posted by mdgfain on 10th of Dec 2018 at 04:29 pm

    Thanks, Matt

     I bought some TQQQ at

    Posted by mdgfain on 10th of Dec 2018 at 06:08 pm

     I bought some TQQQ at the close  because of the big long lead legged doji. . If it drops tomorrow morning,  I will either buy more or some short term calls of TQQQ. If it drops below the bottom of the Fiji from today, I will sell all of them. If it goes up, I will hold it for several days for a swing trade into next week., At least we have a plan that fits my timeframe.

    Good plan for heads-up. helpful.

    Posted by trader5 on 11th of Dec 2018 at 09:10 am

    Good plan for heads-up. helpful.

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