A one-way ticket to riches for the longs!
If this is the beginning of the continuation of a bull run, then whatever low we had these past days should not be violated for a long time. That, to me defines the risk of being long. I mean 1120 or so on S&P cash is the risk of being bullish, or having gone bullish today.
For existing positions from further below, market may have signaled us to raise all risk/stop levels.
I shall make a more detailed post for the weekend.
Have a Nice Evening!
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago