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UnknownUnicorn292837
13 de Feb. de 2017 6:56

SPX500: Short Term View 

S&P 500 index of US listed sharesFXCM

Descripción

This is my trading map for the next few days. I'm not calling a top; however, we can expect a loss of momentum due to the confluence of some strong resistance areas. The major pivot areas mostly coincide with the Fibonacci contour.

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The "Stretch" for SPY for today is 0.30. Looking at the opening range. There's nothing to do.

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I don't want to guess anything. I don't want to go long from here - we're too far from the "base" which was at around 229.

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This could be the high of the day around here.

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For today's updates pls reference the new chart I posted today.

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If SPX is rejected at the blue line, it should be a pretty low risk short opportunity. Watching.
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UnknownUnicorn292837
youtube.com/watch?v=-WTOOICo_tU

i'm referencing this vid to stay calm and not to make sudden moves, lol
petchu
@FoggyLights, lol
petchu
IMO This could be the top of insane rally.
UnknownUnicorn292837
@petchu, possible every time, but no sign of weakness anywhere
petchu
@FoggyLights, Market are so bullish since Nov but the Volume isn't , actually I donno what is going on right now
UnknownUnicorn292837
@petchu, there's a club of us :)
fatboy007
top Envelope on DOW is 20,646.32 , so it is good to start to accumulate a short position from 20450-20500 to 20700 all stop at 20750
Technical projected resistance for today stands at 2043965. Only exceeding that level would imply a runaway breakout to the upside
UnknownUnicorn292837
@fatboy007, there's absolutely no sign of weakness, so i'm just watching this madness, i just can't force myself to enter a long position that's for sure :)
fatboy007
@FoggyLights, July gap on DOW to be filled one way or the other
UnknownUnicorn292837
@fatboy007, very possible
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