Hi Sisse,
I'm not an S&P trader (I prefer currencies) but I took a calculated risk and shorted at 2090 on the assumption that there was more bias to the downside than up (at least down to 2070).
Could you briefly elaborate on why a break above 2100 would be unsustainable,
and what kind of (black swan?) circumstance could push and sustain the S&P above 2100?
Cheers.
QuoteDislikedAny further break above the 2100 handle will only send STRONG 'bubble about to burst' signal for the next Quarter. For today, only an extreme dovish FED will take equities further up the initial knee jerk reaction...
I'm not an S&P trader (I prefer currencies) but I took a calculated risk and shorted at 2090 on the assumption that there was more bias to the downside than up (at least down to 2070).
Could you briefly elaborate on why a break above 2100 would be unsustainable,
and what kind of (black swan?) circumstance could push and sustain the S&P above 2100?
Cheers.