Get started

Spx500long

Schizophrenic markets win the day againToday was another incredibly challenging day to trade intraday. The market wants to be bullish SO bad and honestly i thought we were going to turn there for a minute. But this schizophrenic news flow is whipsawing everyone left and right. I'm personally wearing this one with bad entries and overreactions to news. My target of $289 on SPY and $2900 on ES were ultimately hit even if we took the long way there. I can see us retesting the trend line i drew creating a symmetrical triangle after the market reversed, only to reverse again breaking down out of it. But i do still see it as valid. Either we'll retest that trendline in ES overnight and get rejected or we'll pass through it for a gap up and retest the neckline. Positive divergences on the 15m - 1H. I honestly don't know how anyone is still bullish but there were buyers out there today. We'll see if it bleeds into tomorrow.
AMEX:SPY
by merkd1904
SPX to climb from upside confirmation, potential bounce! SPX to climb from its upside confirmation at 2951.5 where it could potentially bounce further to 3028.3. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
TVC:SPXLong
by Pepperstone
How to Trade the SPX in October 2019Look for the SPX to trade rangebound between 2960 and 2880 for 2 to 3 weeks, followed by a significant move either to the upside or downside. Its too early to tell which way the move will resolve, so be watching closely. My bias is towards the downside, specifically towards the trend-line at 2790, but considering the amount of liquidity the Fed has already pumped into the market, I would not be surprised to see the S&P shoot higher.
TVC:SPX
by Ludwig_Von_Mises