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UnknownUnicorn292837
1 Mac 2017 pukul 21.05

SPX500: Too Many Emotions 

S&P 500 index of US listed sharesFXCM

Huraian

People are way too excited. 2400 was a widely accepted target supported by some tax-related calculations. Will we continue climbing up? It's possible, but some range movement is more probable since the main target has been hit.

Komen

As I pointed out in my previous post, the enormous gap on SPY shows the huge degree of the market non-participation in this move today. This is not how a sustainable advancement is typically built. Just an observation. Now combine this fact with the after-hours action on SPY.

Komen


some pullback targets if we get any, the lower ones are at pivots

Komen

take off some good profit at this 1st target, don't fall in love with the fall

Komen

i'm in favor if this being the low of the day

Komen

Komen



i just went long and watching this, still have some shorts from yesterdays, but mostly covered

Komen

Komen


game plan for the rest of today

Komen

Komen

so they forced me into a neutral position and now i'll wait for extremes to close one side at a time, might take a while, not a day trade anymore, but i'll go on with other positions, lol cats

Komen

Komen
UnknownUnicorn292837
nasdaq.com/symbol/spy/after-hours

now this is insanely huge volume after hours (3 - 4 times more than average) + tells a lot about what is happening "behind the scenes"
SwingDow30
What are these tax calculations?
UnknownUnicorn292837
@SwingDow30, There is a lot of info available on the internet on this subject, but I recommend "Ask slim market week" where Steve Miller explained the math behind the S&P target a few weeks ago (I don't remember the exact date): youtube.com/channel/UCoAuxtwgh8LSHeMFqEwjgHA
Lebih