Just closed out my long trade for an 11 point profit and just went short. Not bad for less than a 24 hour trade. I just love double dipping the market, I was short yesterday, went long yesterday night and made money on the market going down and made money on the market going up. I better stop writing, it sounds too much like kibbles. Anyway, market is in an upwardly sloping channel and is overbought, which 80% of the time means the market will be down the next few days.
agreed with the short trade, but b careful. vix is sitting right on upper bb right now. uvxy chart shows a near top formation. but but but whad troubles me iz like yo said s&p, dow, tna chart r also all showing near overbought. soooooooooo my best guess iz market will go up a little more out of the current channel and bammmmmmmmmm DOWNNNNNNNNNNNNN again.
still think 1474 iz the top. still think the bigger trend iz DOWWWWWWWWWWN for now. still think wave c down iz commingggggg.
anyway gl apprecaite the postz
NYC........The market sure got bullish in the "last 4 minutes" today. I got squeezed bad on my AMZN up over $4/sh earlier.
EX. DIV. ON SPY - FRIDAY
Tomorrow, is ex. div. day on the SPY. Won't this make a difference (as to any downside) on the SPYs on Friday. They gotta hold through Friday to get the dividend. Does this change your opinion of direction?
You are both jokers. Go find a stock with a forcing function, with something pushing it up or down. Trading spy relative to what I just said is like trying to daytrade stocks when they are going sideways. Start with the odds in your favor.