SPX Double-bottom, WWTVD? (What would Tone Vays do?)
Updated
Gotta love the man Tone Vays, I listen to him ramble almost every day. One thing he's mentioned a couple of times, is that double-bottoms are meant to be broken. I'd already have shorted this shit at 2700+ (see prior post), but let's see if old Tony still has it. I haven't heard him comment on the SPX recently, he's been bullish this year as far as I know. This is just a trade using one of his famous rules, and a great way to test it out.
Reason for trade: Double-bottom on technicals, using Tone Vays rule. On a fundamental level, we have the Facebook hack, and the tech sector overall doing poorly (Apple no longer using Intel chips, Trump lambastes Amazon etc etc). Also this market is a bubble
Timeframe: A week or two
Indicators used: Hmmm, history?
Shoutout: President Donald "Grab 'em by the pussy" Trump - enjoy it while you still can mate, soon you'll have a recession on your hands and I'm excited to see you squirm!
No price levels in this, it's merely a paper-trade to test the shitstorm of technical and fundamental things going on in the SPX and US market overall right now
Reason for trade: Double-bottom on technicals, using Tone Vays rule. On a fundamental level, we have the Facebook hack, and the tech sector overall doing poorly (Apple no longer using Intel chips, Trump lambastes Amazon etc etc). Also this market is a bubble
Timeframe: A week or two
Indicators used: Hmmm, history?
Shoutout: President Donald "Grab 'em by the pussy" Trump - enjoy it while you still can mate, soon you'll have a recession on your hands and I'm excited to see you squirm!
No price levels in this, it's merely a paper-trade to test the shitstorm of technical and fundamental things going on in the SPX and US market overall right now
Note
booounceNote
Trump's plunge-protection team are still out in full force it seems. He's also being buddy buddy with Xi Jinping from what I hear. This is calming the tension around a trade war.
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