SPX Markets And What They Mean
Updated
Lots of SPX Traders have been watching for price direction for a long period of time now, tentatively awaiting the next 'big move'. That move hasn't really come and although oscillating to the upside slightly over the part 8 months, price is still more or less where it was at the start.
This leads a lot of Traders wondering why and encourages them to surmise the reason in their head. Is the market just bad? Is it the news? How do I know which?
Well the truth is the market starting falling upon fears economically. This was both natural and inevitable. After large upswings markets have got to come back there is no way to sustain price and debt for such a long period of time, hence the housing crisis and all other crisis that occur.
Over time, something happens to bring it all back down to reality. We then see what you may call a 'hope bounce' and markets return somewhat to normality. This is commonplace across futures and often occurs after sustained periods of movement. In fact, it provides ample hedging room and partly why I trade UK equities so much.
You then get to the stage where people are hoping for a larger recovery. They make bad trades, they load into the market and they ignore Key PA levels and rules. This leads to pain.
So Trade exactly what you can see and when there is no sure sentiment and no blowout reason for up or down, trade factually as labelled on our chart.
Trade small and Trade safe always.
This leads a lot of Traders wondering why and encourages them to surmise the reason in their head. Is the market just bad? Is it the news? How do I know which?
Well the truth is the market starting falling upon fears economically. This was both natural and inevitable. After large upswings markets have got to come back there is no way to sustain price and debt for such a long period of time, hence the housing crisis and all other crisis that occur.
Over time, something happens to bring it all back down to reality. We then see what you may call a 'hope bounce' and markets return somewhat to normality. This is commonplace across futures and often occurs after sustained periods of movement. In fact, it provides ample hedging room and partly why I trade UK equities so much.
You then get to the stage where people are hoping for a larger recovery. They make bad trades, they load into the market and they ignore Key PA levels and rules. This leads to pain.
So Trade exactly what you can see and when there is no sure sentiment and no blowout reason for up or down, trade factually as labelled on our chart.
Trade small and Trade safe always.
Note
Start to look long for early exits.Note
Exit for clear gains intraday.Note
Re long very lightly. Looking for earlier exits again.Note
As we mentioned you are at TGT for longs.Note
Exit all those longs taken for gainsNote
Hold off very light shorts until 4050Note
Get short for next week.Note
Look for early exits circa 4000. Out ALL longs.
Get My Professional Trading Plans FREE:
bit.ly/willsbpa
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/willsbpa
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.