What a journey!!! I have sweated and bled trading up the levels on the SPX500 in recent weeks. Fortunately my personal view and analysis set me up for the strongest positions possible. Taking long profits all the way to 2140 but that is where I am drawing theline.
Could we have a further higher level of historical price? Yes. Can I tell the future? No. Please therefore be careful. In my opinion however from here and for the rest of this week, this month, next month and even into September we will be coming further back down the price levels.
Here on my chart you can see my Fib work and SHORT position indicator set. At this moment I have taken a poorly hedged account, cut 250k out of dead weight, added 150k back into the balance through longs and im now anchored up to hang for the short price to come.
Essentially I'm almost there, just need the price to start falling from here and I'm a hero. Hopefully I'll make it 3/3 spot on analysis posted. I expect a rate of 2070 or below come close this Friday.