SPX the window continues to close for those hoping for some
significant year end decline.
They got em' short in the hole and used to being able to win all
year that way. Lots of recency bias mixed with perma sentiment by
those insisting it has to decline.
The message of the market has changed the last months. And again
today the trend remains bullish til its not. Show me evidence the
rally is over, not predictions of future doom.
That being said there is risk to the downside via two gaps at
3,748 and 3,583. I respect that risk possibility as 92% of gaps
fill. The timing is the tough part.
Next gap above at 4,110. Then 4,228 after that.
The rally since my 3,500 reversal call is now up about 16% even
unleveraged on SPX.
Staying open minded as always though won't change my mandate
unless I see a reason to. Facts are facts.
I'll be reviewing things when the market is closed as usual to
judge my indicators, resistances, and gaps, etc. I'm on the lookout
for my "I can't believe it got here" readings for possible long
term inventory sales. My previous ones were at 4,800s, 4,600s, and
most recently 4,300s. I'm stoic in my execution and don't wake up
excited either way. It just is what it is, when it is.
Good soccer game going on , Argentina up 2-0 vs.
Poland.
I don't follow the gaps on the QQQ though will have to see if
the market gives me what I'm looking for otherwise. It all trades
together relatively speaking, not perfectly though good
enough.
I run my trading money differently than long term inventory in
terms of buying and selling time frames and areas of entry/exit..
Always something good going on.
SPX the window continues to
Posted by fundamentalvalues on 30th of Nov 2022 at 03:39 pm
SPX the window continues to close for those hoping for some significant year end decline.
They got em' short in the hole and used to being able to win all year that way. Lots of recency bias mixed with perma sentiment by those insisting it has to decline.
The message of the market has changed the last months. And again today the trend remains bullish til its not. Show me evidence the rally is over, not predictions of future doom.
That being said there is risk to the downside via two gaps at 3,748 and 3,583. I respect that risk possibility as 92% of gaps fill. The timing is the tough part.
Next gap above at 4,110. Then 4,228 after that.
The rally since my 3,500 reversal call is now up about 16% even unleveraged on SPX.
Staying open minded as always though won't change my mandate unless I see a reason to. Facts are facts.
I'll be reviewing things when the market is closed as usual to judge my indicators, resistances, and gaps, etc. I'm on the lookout for my "I can't believe it got here" readings for possible long term inventory sales. My previous ones were at 4,800s, 4,600s, and most recently 4,300s. I'm stoic in my execution and don't wake up excited either way. It just is what it is, when it is.
Good soccer game going on , Argentina up 2-0 vs. Poland.
Thanks! I can’t figure the
Posted by mdgfain on 30th of Nov 2022 at 03:44 pm
Thanks! I can’t figure the target for the QQQ, or next gap up. Can you help, fundamentalvalues?
I don't follow the gaps
Posted by fundamentalvalues on 30th of Nov 2022 at 03:56 pm
I don't follow the gaps on the QQQ though will have to see if the market gives me what I'm looking for otherwise. It all trades together relatively speaking, not perfectly though good enough.
I run my trading money differently than long term inventory in terms of buying and selling time frames and areas of entry/exit.. Always something good going on.
Thanks, Fundamentalvalues!
Posted by mdgfain on 30th of Nov 2022 at 03:58 pm
Thanks, Fundamentalvalues!
Great call Man
Posted by arun on 30th of Nov 2022 at 03:43 pm
Great call Man
Thanks Arun, you as well!
Posted by fundamentalvalues on 30th of Nov 2022 at 04:02 pm
Thanks Arun, you as well! I know you have made a good bit long as well