long above 2105 short below 2080 at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long side all time high short side around 1600 area would be kind of an ideal target for LONG time swing long !!
America
DOW Long-Term Long (Global Equities Turn-around) DAX Resistance
The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around)
It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the downward pressure with resistance.
I have already enterered into the trade and have set a fair tight stop loss about 100 points away to ensure I dont get stopped out prematurely, and to confirm that it is in face break and closing below that level not just down on a spike.
I have set my first take profit about 150 pips away and then my sencond one about 300 pips away.
This should be a highly profitable trade and would recommend all to jump in.
I suspect this trade will be rising for the next few days and I will be looking for other opportunities to buy the dip in this position.
UPDATE: LNG TRANSPORT IS STILL TRENDING HIGHER BREAKING OUT ADVERSE TO MARKET AND WORLD EVENTS
This stock is above any resistance points and if continues above indicators on high side it will continually break highs on a daily basis. They are a Monaco based company that is very strong fundamentally and even spun off a LP for dividends under symbol GLOP.
This is a fundamentally and technically solid stock and as America will stand to possibly be main if not only Natural Gas producer in world, then the European tankers will cut costs of transports and supply the EU with NAT GAS even if Russia cuts Ukraine and Europe off. Combining this withe the prices paid by EU countries for LNG and the threat of oil and gas being taken DOMESTIC LNG becomes a foremost priority to ship as of almost yesterday!
ANOTHER GREAT FIND BY "JACKIE MOON" STILL ON FIRE