bruh where's the love?
$ES short at the top down to marginal new lows from last week as mapped out.
if you're stuck swinging a ton of longs, & let's be honest most of us are, this is a great way to offset the damage & possibly end up in the black
At a Hightower Advisor conference this evening and heard a quote by the great Jane Goodall: "What you do makes a difference, and you have to decide what kind of difference you want to make". Incredible advice for all of us.
You know how folks panicked this morning because $SPX didn't gap up?
That's healthy. You want those pullbacks of about half of previous days move to get long. Gets sloppy when markets keep gapping up and forcing traders into poor location
🇺🇸 S&P 500 duration of the market rally from the bear market low in October: 240 days.
History suggests it would be unprecedented if the market is in a bear market rally.
H/t: Edward Jones, FactSet #SPX $SPY
@ktavlaridis Hi Kostas, I agree with you on this. A trip down down to 1715 ish before we are ready to go through the 1800 level...
Is the job report tomorrow your catalyst?
$Coffee update:
Looks like its setting up for an inverse H&S in the coming weeks 🚀🚀
For now RSI is at resistance, so expecting a drop to the 126 area...
@MirekSztramski How far do you think it will fall? I still believe gold (and silver) has started a new uptrend now, with pullbacks on the way up of course
@MirekSztramski Think you were right about not liking coffee there.. Sold the rest I had this morning.. expecting a new short term low and then I will add :)
@MirekSztramski Agree, but do see a bit more upside before it goes further down (up around daily bollinger band). Nice to follow your trading inputs by the way :)