I am thinking of splitting my levels to
1100
1095
1085-1090
1065-1070
I am also thinking about some puts targeting 1060-1070
S&P 500 – May 15, 2012
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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
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4 comments:
When you mention "thinking about some puts targeting 1060-1070", do you mean that the SP500 could get down to 1060-1070 level? Thanks.
When you mention "thinking about some puts targeting 1060-1070", do you mean that the SP500 could get down to 1060-1070 level? Thanks.
just that it's a level that I think should serve as a pivot and if I want to entertain bearish thoughts, I may arrange my positions around a possible pullback there
in your sp500 chart today, the red lines on SRI and MACD means what? What the message are you showing? Bearish divergence?
Also please comment the Monday rally before the Fed meeting on Tuesday tomorrow. Thanks a lot.
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