"Not a dancing bear"
Pretty sure I am going to be viewed as a permabear after this blast.
Technical Indicators as I see them:
• RSI – Bearish
• Volume – The rally continues with weak volume
• Short term moving averages have become less bullish – still bullish though
Points of potential resistance:
• Yesterday’s R1: 275.63
• Fib Retracement: 280.36
• 200 Day Moving Average: 269-270
I remain bearish, however with the fed literally saying it has no problem building up a 4 trillion dollar balance sheet - it is shockingly bad for the dollar. This will be false improvement in the S&P but there is a chance it could rise in terms of dollars, because of the dollar losing value. I wish in hindsight I made my gold position significantly higher – however I will slowly be cost averaging into a bigger gold position.
I’m keeping my short going, however it currently feels like death by a thousand cuts.
If you are a bull – please lay out your logic as it will sincerely be well received.
Happy Trading!
Technical Indicators as I see them:
• RSI – Bearish
• Volume – The rally continues with weak volume
• Short term moving averages have become less bullish – still bullish though
Points of potential resistance:
• Yesterday’s R1: 275.63
• Fib Retracement: 280.36
• 200 Day Moving Average: 269-270
I remain bearish, however with the fed literally saying it has no problem building up a 4 trillion dollar balance sheet - it is shockingly bad for the dollar. This will be false improvement in the S&P but there is a chance it could rise in terms of dollars, because of the dollar losing value. I wish in hindsight I made my gold position significantly higher – however I will slowly be cost averaging into a bigger gold position.
I’m keeping my short going, however it currently feels like death by a thousand cuts.
If you are a bull – please lay out your logic as it will sincerely be well received.
Happy Trading!
עסקה סגורה: הגיע לסטופ
Lost out on this one and was quickly stopped out with a 2% loss. Will look at setup for retracement near 2800.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.