- There is currently not much space on the upside. SPX did not even bother going to stick to tops in the 2100 area.
- While not sticking to tops (probably enduring headwinds from eurusd) but supported by europe bullishness, SPX has little by little exited more decisively the supporting channel of the rally since Feb13.
- For the next few weeks, although there may be some more trading in the region 2000/2080, it feels a little dive is in order.
- The buy zone (assuming there is no big collapse now) would be 1940 -1880.
Trading:
I d like to short higher - I guess many would like the same and it is unlikely the market will provide that easy entry.
this is one of the situations where being in the short requires bearing risk.
Staying on the side line except for ultra tactical trades (currnetly long 2001 stop 2001..)
I will reconvene tuesday morning.
- While not sticking to tops (probably enduring headwinds from eurusd) but supported by europe bullishness, SPX has little by little exited more decisively the supporting channel of the rally since Feb13.
- For the next few weeks, although there may be some more trading in the region 2000/2080, it feels a little dive is in order.
- The buy zone (assuming there is no big collapse now) would be 1940 -1880.
Trading:
I d like to short higher - I guess many would like the same and it is unlikely the market will provide that easy entry.
this is one of the situations where being in the short requires bearing risk.
Staying on the side line except for ultra tactical trades (currnetly long 2001 stop 2001..)
I will reconvene tuesday morning.
