S&P has broken to new highs, but I see too many divergencies...
We had a 29 days of rally and it seems the higher high will not be holded.
That is the main reason I closed my S&P 500 Index longs.
We just wait for a healthy pullback - maybe the testback of the breakout and enter with longs again.
I set this idea as a short but I'M not going to play this on the short side.
We had a 29 days of rally and it seems the higher high will not be holded.
That is the main reason I closed my S&P 500 Index longs.
We just wait for a healthy pullback - maybe the testback of the breakout and enter with longs again.
I set this idea as a short but I'M not going to play this on the short side.
Note
Taking profit on half of the position (2169)Note
Unbelievable. Not that we got out half of the position at the exact bottom. The fact that the market is under control of the powers and simply cannot fall. I will close the rest of the position tonight. We are fighting with our shorts as ants against the elephant.
Note
After yesterday's and day before yesterday's move I feel strength here.So I don't want to sit in the shorts anymore especially when oil shares are breaking out.
Closing the other half of the short position at 2178.
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.