SPX unless something changes by the open, there is a new gap
above now at 3,852.97 on the cash market, yesterday's close
price.
Good to see the Fed sticking to the plan and the market pricing
things in. We likely have one more woosh down this year (keeping
that 9 year ema on watch and longer term fibs). There will continue
to be opportunities on both sides of the trade. Great for traders.
Risk/reward
I've used hedges into resistance areas and taken profits on them
as things have range traded, it has made it much easier to stay
long with my other shares. I am still long with the system trade
(bear long 2 entries).
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SPX unless something changes by
Posted by fundamentalvalues on 5th of Jan 2023 at 09:04 am
SPX unless something changes by the open, there is a new gap above now at 3,852.97 on the cash market, yesterday's close price.
Good to see the Fed sticking to the plan and the market pricing things in. We likely have one more woosh down this year (keeping that 9 year ema on watch and longer term fibs). There will continue to be opportunities on both sides of the trade. Great for traders. Risk/reward
I've used hedges into resistance areas and taken profits on them as things have range traded, it has made it much easier to stay long with my other shares. I am still long with the system trade (bear long 2 entries).