SPX with guarantees of a crash all over the place in the media,
doom, and price targets going lower and lower, odds are increasing
that a trading rally can unfold at anytime.
Just like it was hard to believe 4,300 could be a swing top, now
it's hard to believe something good can happen. Eventually when you
pitch to the star hitter, he burns you.
I got time and willing to take another entry if I'm wrong. The
rsi off a demand zone is hilarious here and 8 gaps above now, most
recently 3,757 and 4,110. The 5 day and 9 day are stretched. Let's
see.
I'd say "as surmised" but I think Steve has the patent on that.
Haha
So I'll just say, pretty happy with the day and think we could
push higher to the gap minimum 3,757, maybe even higher.
That being said, I followed the bear long strategy with multiple
entries and had a better cost basis because of my entry prices, so
I'll be taking 1/2 off and leaving 1/2 on by the close.
That's my way of exiting with the bear long system and staying
long with the other systems.
Posted by retirefire on 28th of Sep 2022 at 09:51 am
I Posted a chart from Zerohedge showing a rare occurring event
of certain conditions with yesterday being the 5th time, mainly SPX
closing down 5 consecutive 0.75 % or more days and closing at 52
week low. There were a few other variables. Best it got taken
off to avoid sensationalism .
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SPX with guarantees of a
Posted by fundamentalvalues on 28th of Sep 2022 at 09:47 am
SPX with guarantees of a crash all over the place in the media, doom, and price targets going lower and lower, odds are increasing that a trading rally can unfold at anytime.
Just like it was hard to believe 4,300 could be a swing top, now it's hard to believe something good can happen. Eventually when you pitch to the star hitter, he burns you.
I got time and willing to take another entry if I'm wrong. The rsi off a demand zone is hilarious here and 8 gaps above now, most recently 3,757 and 4,110. The 5 day and 9 day are stretched. Let's see.
I'd say "as surmised" but
Posted by fundamentalvalues on 28th of Sep 2022 at 03:49 pm
I'd say "as surmised" but I think Steve has the patent on that. Haha
So I'll just say, pretty happy with the day and think we could push higher to the gap minimum 3,757, maybe even higher.
That being said, I followed the bear long strategy with multiple entries and had a better cost basis because of my entry prices, so I'll be taking 1/2 off and leaving 1/2 on by the close.
That's my way of exiting with the bear long system and staying long with the other systems.
Especially with AAPL down 6
Posted by fredsaid on 28th of Sep 2022 at 10:27 am
Especially with AAPL down 6 bux ... makes a rally even more unimaginable.
I Posted a chart from
Posted by retirefire on 28th of Sep 2022 at 09:51 am
I Posted a chart from Zerohedge showing a rare occurring event of certain conditions with yesterday being the 5th time, mainly SPX closing down 5 consecutive 0.75 % or more days and closing at 52 week low. There were a few other variables. Best it got taken off to avoid sensationalism .