Regardless of previous posts and old bias's that I had from last year the price action in the US indices clearly shows that the bull market is back. We are incredibly overbought on nearly all time frames other than the daily which has a little more room to run. In any case make sure that when this does eventually pull back that you BTFD like it's 2017 all over again!
The US economy was relatively strong last week which was surprising as there was very little other than hope of a potential trade deal with China although tangibly nothing concrete came of this whilst the government shut down continued. I suspect this was just a week of consolidation for the index rather than a reversal as all the major financial news outlets will...
Hello guys, here are the levels for trading on Tuesday. The market pushed higher on Monday, but not enough to reach our sell level, as of right now, if the market keeps moving higher, i will be looking to take some shorts at some key levels like XH or R3 depending on whether or not we get our setup at that point.
PLAN YOUR TRADE AND TRADE YOUR PLAN
It's always better to wisely chose your index, to short the weakest, and buy the strongest. I think by comparing performance between SPX/NASDAQ we could better chose the index. Currently the NASDAQ is the strongest index. But my analysis is showing a reverse is possible and NASDAQ could become weaker than SPX in the next weeks.