S&P 500: In 2014/2015 we have experienced a very nice bull market as the S&Ps finished in 2014 returning a nice 13.69%, overall the bull market has been driven by the feds decision to keep interest rates low as investors piled in. recently the FOMC held a press realised where Janet Yellen (Chair of the Board of Governors of the Federal Reserve System) stated that...
After riding the monday-tuesday rip higher (Kudos for those who BTFD @198!), now I opened a short at today's last minutes of trading. Stop: 206.50 (in case we are breaking out); limit: a retest of the 200 psychological Pivot Point.
The rationale behind this trade is mostly technical: the triangle pattern forming in SPY, suggesting indecision regarding the future...