S&P 500 IndexLong
$Spy still going strong
Updated
The long positions are still running nicely and allthough there is divergence on the long term chart there is no reason (yet) to change direction.
It’s normal for a last leg to show divergence and this confirms for me my expectation that markets will turn around for a longer term in the short future.
So I remain bullish but will stay close on the ball (especially around 3.3k.
It’s normal for a last leg to show divergence and this confirms for me my expectation that markets will turn around for a longer term in the short future.
So I remain bullish but will stay close on the ball (especially around 3.3k.
Note
We are aaproaching target. $100 usd to go...Divergence is still concerning but with tight monitoring still no reason to get back into neutral again.
Note
Closed 75% of this position.Great profit and everything on the chart screams ‘retracement upcoming’.
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