SPY: Short term view and a look at VIX
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In this chart I'd like to bring a few important points to everyone's attention.
First, this is a new trend, if the DJIA forecast is valid, and now that the cards are dealt, we might see a pullback, and the market can go where stops are. That's what generally happens.
Try to avoid going by gut feeling, or joining the herd, so to speak. I'd reccomend keeping an eye on RgMov readings, and on Vix, as well as on the SPY short term charts. There might be solid buying opportunities in individual stocks, but also likely on indices.
The chart here implies that we can see a pullback, and we can try to catch the long side when volatility quietens.
Good luck, don't bet the house on shorts, if you didn't short higher earlier, you're late now. You can even look to long the pullback when it comes, and short at the top of the rally, on weakness.
Cheers,
Ivan Labrie.
First, this is a new trend, if the DJIA forecast is valid, and now that the cards are dealt, we might see a pullback, and the market can go where stops are. That's what generally happens.
Try to avoid going by gut feeling, or joining the herd, so to speak. I'd reccomend keeping an eye on RgMov readings, and on Vix, as well as on the SPY short term charts. There might be solid buying opportunities in individual stocks, but also likely on indices.
The chart here implies that we can see a pullback, and we can try to catch the long side when volatility quietens.
Good luck, don't bet the house on shorts, if you didn't short higher earlier, you're late now. You can even look to long the pullback when it comes, and short at the top of the rally, on weakness.
Cheers,
Ivan Labrie.
Nota
Set alerts for the key levels on chart.
Nota
Shazaam...what did I say?Nota
I covered 1/2 my short from 2187.5 in SPX cfds.I'm waiting for volatility to slow down to long NAS100 again.
Dagangan ditutup secara manual
I'm 100% out of shorts for a nice 11% gain.
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