Disliked{quote} it's hard to break such a long aggressive trend, don't know when it breaks but do know I certainly won't have a long position when it does. SPX500 M1: {image}Ignored
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Disliked{quote} it's hard to break such a long aggressive trend, don't know when it breaks but do know I certainly won't have a long position when it does. SPX500 M1: {image}Ignored
Disliked{quote} agreed... Selling will be aggressive when it goes.. in the mean time though the large flow is up..Ignored
Disliked{quote} take care, a correction towards 1800 would still not break but hard to digest with large flow argumentsIgnored
Disliked{quote} Thanks mate. This thread was long overdue. Hope you get good support. I think the commodities are capable of higher highs yet, but a major retrace is overdue before the final push up. Let's see if the pain in the ass FOMC drives them down for a retrace or just sets them on up n up.Ignored
DislikedWell its certainly not a time to go long here in SPX. I had 1938 for first long, didn't play because of FOMC, now that one has been played already (it was a weekly pivot point). The next stop in my analysis is 1925 (larger timeframe demand) followed by 1900 (Monthly pivot) and finally 1880 for the near future. I am turning into a countertrend drop-catching trader in SPX but I'm seriously not comfortable longing it anymore. Diminishing volumes while still making higher highs almost every day are making me squirm. And yes its summer, so choppiness...Ignored
Disliked{quote} The first person I thought about was Donald Trump.. maybe he is really an alienIgnored
DislikedWhy is it not a good spot to go long? Because your chart says you are at the very top? We going for 2K baby!Ignored
Disliked{quote} Because it is the top and the volumes are greatly reduced. There's not enough momentum to take it to 2000. Going long here is not a high probability trade and typically a good trader never longs into tops or resistances.Ignored
Disliked{quote} I'm long DAX from 9876 for a medium term target of 10150, much better bet with ECBs QE looming. And not to sound like a parrot, but the reason for spx rally was the Feds QE program which they are now tapering each month. So there's not going to be endless amounts of dosh in the US markets anymore. Looking at the futures market, spx has yet to reach the high of June 9th, but good luck, hope your trade works out.Ignored
Disliked{quote} We are doing the same thing essentially. The FED hasnt really changed much of what they are doing nor should it effect much the course of the indices. They are rising because we on a low interest rate buzz and until the next planned hike (2015) doesn't look like we going to crash anytime soon. SPX has breached that high, not sure which chart you are referring too {image}Ignored
Disliked{quote} I'm referring to the futures chart... You know - the other market that exists apart from the cash market. So here's what I have on the futures chart, spx has not yet breached a high in the futures. {image}Ignored
Disliked{quote} I'm long DAX from 9876 for a medium term target of 10150, much better bet with ECBs QE looming. And not to sound like a parrot, but the reason for spx rally was the Feds QE program which they are now tapering each month. So there's not going to be endless amounts of dosh in the US markets anymore. Looking at the futures market, spx has yet to reach the high of June 9th, but good luck, hope your trade works out.Ignored
Dislikednice thread doggette ! hey, was wondering what you look at from a fundamentals standpoint when doing your analysis on crude. i too trade crude and look at crude inventories and general mkt. news for basic fundamental direction. what do you look at ?Ignored