Trading the SPX

[Pat494]

Don't know the price exactly but you gotta be looking at long attempts for the last 3hrs but imho - to avoid being "conned" for a second time.............

Hi HS,
Not sure I understand your meaning about being "conned" ?????????
Do you mean a fake move down ?

 

[firewalker99]

yes, I just went long on the NQ from 1977
but the setup on the ES is the same...

out at 74... -3

 

[Pat494]

out at 74... -3

Nice clear down chanel on ES - sliding down it imho

 

[firewalker99]

Nice clear down chanel on ES - sliding down it imho

Chanel or channel?

good point... enough trading then for me this week
for some reason Friday's tend to send me into the weekends with a loss

 

[Pat494]

Chanel or channel?

ha ha got me there on a typo.
I got stopped out for 2 points
I'm off now too. Have a good weekend

 

[Hook Shot]

Possibly

Hi HS,
Not sure I understand your meaning about being "conned" ?????????
Do you mean a fake move down ?

I think the first bolt out of the gate was a con.. and implied as much on the dow thread... now the markets are sliding ..(providing some evidence to back my claim)...... this could be another con! As yet no sharp move south so we can probly expect a rally of some degree into the next phase before the close............ imho (purely non technical of course )

 

[vectorC]

todays result - only first test 1412-13 area was daytrade

 

[vectorC]

Daily analyse SPX

MT trend - UP
Swing trend - UP
Pattern - 0
Indicators - bearish diverg. + overbought
Senti: neutral
Supports: 1.375 +- a 1.320 - 1.330 area
Rezists: 1.435 +-
Expiry Targets: 1.390 p.+- May, 1.430p.+- June
MP targets: 1.380p.+- May, 1.250p.+- June :-0

 

[Pat494]

The sooner the Microsoft bid, which is depressing the market, is forgotten the better. A lot of staff get duplicated and then got rid of, so I think both companies are better off on their own in the long run.
My outlook is still bullish for today but we shall see.

 

[firewalker99]

MT trend - UP
Swing trend - UP
Pattern - 0
Indicators - bearish diverg. + overbought
Senti: neutral
Supports: 1.375 +- a 1.320 - 1.330 area
Rezists: 1.435 +-
Expiry Targets: 1.390 p.+- May, 1.430p.+- June
MP targets: 1.380p.+- May, 1.250p.+- June :-0

Hi vectorC, if I may ask, how do you determine 'sentiment: neutral'?

 

[vectorC]

Todays intraday action:

First test 1.412+- is Sell Short Scalp, first test 1.417+- is Sell Short Daytrade and test 1.425-27 is Sell Short Daytrade.

Test 1.406+- is Buy Scalp, test 1.400-402 is Buy Daytrade, test 1.394+- is Buy Daytrade. BUY SWING is test 1.380-82 area.

 

[Pat494]

Hi FW,
Any views ?

 

[firewalker99]

Hi FW,
Any views ?

higher, higher, and even higher!
can't see any reason to short this so far...

 

[Pat494]

My feed has gone phut - so playing this one blind

 

[Pat494]

My feed has gone phut - so playing this one blind

I will have to stop but trailed 2 points profit !! phew

 

[firewalker99]

higher, higher, and even higher!
can't see any reason to short this so far...

I couldn't see reason at that time - honestly

but I actually took a short on the DOW and that's still open
(see also posts 16 & 18 here)

 

[Pat494]

stockcharts seems to be working again
In for a short

 

[Pat494]

higher, higher, and even higher!
can't see any reason to short this so far...

sort of confusing FW to know you mean lower when you say higher, but guess I'll get used to it soon enough though. lol

 

[firewalker99]

sort of confusing FW to know you mean lower when you say higher, but guess I'll get used to it soon enough though. lol

no I honestly thought it would rise on the open, but what I think is going to happen is often wrong... how I act on what I see is more important

 

[Pat494]

no I honestly thought it would rise on the open, but what I think is going to happen is often wrong... how I act on what I see is more important

no worries - just kidding ( joking )