SP500: That woman in the bar
I like seeing the stock market like a women at a bar. She can constantly give you signs, expressing her interest. If she keeps doing the same thing over and over while she knows your watching, then your bound to know what she'll do next because she's simply trying to catch your attention. You need to go up to and take action!
Same goes here, your always watching the stocks and the stocks obviously knows it so its just like the bar scenario!
Anyway, referring back to metaphor and finally back to business...
For the 4 time since June last year, the SP500 has tested, bounced and closed above of its yearly trend line. All 4 bounces were oversold on the Stoch RSI as you can see below marked in red circles. The market has showed that she's ready for her next move and she's given you all the signs to make yours. Got the balls?
Also her best friend below; the US30 has however decided not to bounce but to rather follow her partner in crime.
If you pay close attention, watch how after every other green circle the SP500 forms a new all time high! Perhaps holding your position for a month can help you pay of your mortgage!
As always 'A great trader always controls their risk'. I'm looking to put a stop just below August lows (If your using small bet sizes) Or just below the trend line (For higher bet sizes)
Good Luck!!
Same goes here, your always watching the stocks and the stocks obviously knows it so its just like the bar scenario!
Anyway, referring back to metaphor and finally back to business...
For the 4 time since June last year, the SP500 has tested, bounced and closed above of its yearly trend line. All 4 bounces were oversold on the Stoch RSI as you can see below marked in red circles. The market has showed that she's ready for her next move and she's given you all the signs to make yours. Got the balls?
Also her best friend below; the US30 has however decided not to bounce but to rather follow her partner in crime.
If you pay close attention, watch how after every other green circle the SP500 forms a new all time high! Perhaps holding your position for a month can help you pay of your mortgage!
As always 'A great trader always controls their risk'. I'm looking to put a stop just below August lows (If your using small bet sizes) Or just below the trend line (For higher bet sizes)
Good Luck!!
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