s&p 500

I'm short OTM bear call spreads, and long OTM (now ITM) bear put spreads, all in October e-mini options. Looking for a 1825 test in the next 2 weeks, but ultimately 1505.
 
After the furious rally since February 12, the S&P 500 has again lost momentum and slipped into the red from a year-to-date look.
Investors are concerned about the global economic uncertainty. Q1 earnings season should be rather weak as there will be volatility as energy prices stabilize.

IMF warns that emerging economies could have problems


Issues with the Chinese economy will affect stocks in western markets like the U.S.

Short the S&P 500 index

This seems to be an ideal time to go short on the S&P 500 index. Consider these ETFs:

ProShares Short S&P500 ETF (SH)

ProShares UltraShort S&P500 ETF (SDS)

ProShares Ultra S&P500 ETF (SSO)

ProShares UltraPro Short S&P500 (SPXU)
 
S&p500 been in a uptrend ever since Feb 11th..Naturally there are re-tracements on a regular basis, but nevertheless still a uptrend..
 
S&p500 been in a uptrend ever since Feb 11th..Naturally there are re-tracements on a regular basis, but nevertheless still a uptrend..

Have been trading the S and P all week and made 48 pips. Profit five out of five days.
Thing is, if the chart does what I think it might do next then it's not good for a lot of shareholders. It's been in an uptrend but now it's broken to the downside. Not only that but even though oil has gone up again the index went down which must be a bad sign.
I will always just take my share and use my trading method as a rule but I can see a massive long term short coming up for some . Only my opinion of course and it will probably soar to a new high! Let's wait and see
 
Nothing wrong with trading the pullbacks, But I would be slightly biased towards taking long term "long" positions as opposed to short until price reaches around the 2100 resistance area. Plus all this presidential malarkey may throw in a few surprises...

P.S. You would be very welcome to join us in the s&p 500 weekly prediction competition Silversurfer...Big prizes you know !
 
Nothing wrong with trading the pullbacks, But I would be slightly biased towards taking long term "long" positions as opposed to short until price reaches around the 2100 resistance area. Plus all this presidential malarkey may throw in a few surprises...

P.S. You would be very welcome to join us in the s&p 500 weekly prediction competition Silversurfer...Big prizes you know !

I'm after that prize Mike. Have gone for 1994!
 
Have been trading the S and P all week and made 48 pips. Profit five out of five days.
Thing is, if the chart does what I think it might do next then it's not good for a lot of shareholders. It's been in an uptrend but now it's broken to the downside. Not only that but even though oil has gone up again the index went down which must be a bad sign.
I will always just take my share and use my trading method as a rule but I can see a massive long term short coming up for some . Only my opinion of course and it will probably soar to a new high! Let's wait and see

May I ask what you think the chart will do next?
 
May I ask what you think the chart will do next?

Up and down a bit and then maybe sideways!:cheesy:

Joking aside, I do reckon it's gonna drop off quite a bit after the last few weeks surge but maybe not all the way back to where it was before the climb. Lots of earnings reports coming up and with so many tensions around the globe at the minute something could quite easily upset the markets. Makes no difference to me really though. Just sticking to my trading plan. 8 pips a day average keeps me happy.
 
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