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re: There are some major issues lurking in the US financial markets
Posted on 1/7/19 at 11:37 am to Hussss
Posted on 1/7/19 at 11:37 am to Hussss
quote:Then what's the point? Just say the level you think is significant and forget about touting levels below that.
I said 2550 was the FIRST level
If 2593 is the real milestone to watch, then 2550 is meaningless since the index has to go through 2550 in order to reach 2593.
1
Posted on 1/7/19 at 11:43 am to LSURussian
No, 2593 is not nearly as important as 2650, 2700 and the 200 ma on the daily (2742)
Once again, I am selling some long positions today and scaling into volatility. Close to 2593 I will do the same and if we get up to 2650 - 2700 I will then be all in to the downside.
There is an open gap down at SPX 2460 so if we start falling hard in the next week or so this is where we are headed.
Does this clarify things?
Once again, I am selling some long positions today and scaling into volatility. Close to 2593 I will do the same and if we get up to 2650 - 2700 I will then be all in to the downside.
There is an open gap down at SPX 2460 so if we start falling hard in the next week or so this is where we are headed.
Does this clarify things?
This post was edited on 1/7/19 at 11:52 am
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