SP500- Short
Hi
I have been net long since 2860's. I am flipping to short NOW. The reason is because of
1st- Bond market today rose 10% which is a sign smart money was coming to stocks. Only problem is this was on a TD9 Candle.. which means we should see a reversal in that move.
2nd - We are the .786 fib this a reversal point. If we go through this fib like butter then I have to accept we are in a trend reversal on the HTF and it's a case of buying the dips from this moment on. This is the place to put shorts if we follow the textbook.
Alex
I have been net long since 2860's. I am flipping to short NOW. The reason is because of
1st- Bond market today rose 10% which is a sign smart money was coming to stocks. Only problem is this was on a TD9 Candle.. which means we should see a reversal in that move.
2nd - We are the .786 fib this a reversal point. If we go through this fib like butter then I have to accept we are in a trend reversal on the HTF and it's a case of buying the dips from this moment on. This is the place to put shorts if we follow the textbook.
Alex
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