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Es1!short

The ART of profit booking I am posting a chart for educational purpose using S&p 500 index with heikinAshi candle and elliott waves trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money? trading is a money making process when the crowd has extreme interest in one direction(buy /sell). when everyone in the street is buying, it is the RIGHT time to sell. The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart. Because if they knew in advance then to whom the seller has to sell? Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS! SELVAM BE, MBA option trader
SP:SPXEducation
by selvamB
1
This is why the SPX is overdue for at least a 2.50% pullbackThe equity markets in the US have been moving really well through highs like its nobody's business, however as they continuously progress the moves get shorter and the pullbacks non-existent. Recent a 1.5-2 year wedge in formation was broken to the upside which indicates a bull trend continuation. Usually, the pop above the broken resistance will revert at least temporarily to the broken level before moving higher. This isn't a crash and recession call to all-time lows rather an opportunity to identify a potential retrace before a larger pop. The facts are, the volume on this whole break higher has been terribly low, no one wants to buy a market at all-time highs and no one wants to sell because they want more profit. Its been 2 months with just 1 red week and that red week was insignificant. The pullback brings the price down to the wedge break and previous highs at least 2.50% lower than the price right now. From there, there will be 2 catalysts that bring price higher. 1. A lot of big money is waiting for an "in" on the long side of the market and when deemed cheap enough will bid up the market by strong buying. 2. The Fed is still pumping A LOT of money into the economy at abysmally low rates.
CME_MINI:ES1!Education
by TRADEPROAcademy
6