Perhaps due to the fact that the SPX remains 15 points higher than when the thread-starter called his short. Probably some other reasons as well, but that's for starters.
Are there any courageous ET members who can tell us what they think the market would do? PS: I am not asking what the market has done, but what it will do.
Thanks shortie! I was trying to also get the hindsighters, the bullicrappers, the trolls, and others such those who fail (on purpose?) to correctly subtract a price from another price, to get to the plate. I hope they will not use shortie's answer as a cover for not answering.
It shall complete a mild correction, then vault to resistance under the breakdown from 2 months ago. Then, it will turn south, confirming the Dow theory sell signal with a lower high, and I will open the taps.
After further market chop reflecting current uncertainty re Europe, SP500 480 min chart is bearish/neutral. Daily and weekly are currently neutral/bearish. The bigger picture remains bearish. USD bullish weekly chart chart has strengthened further. Larger time frames tend to have more overall influence over smaller time frames. Gold and Silver daily charts continue to break down. Weekly remains neutral.
Dow seems to be having trouble breaking through that 11670 area. I'm short (by way of DOG) pending a drive through 11700. Anybody who knows what will happen is delusional. It's gambling.
I am no shy to tell what my opinion on the market. I am right most of the time (> 60%), unlike those fake ET traders here (even those with > 2000 posts) that always claim after the fact. I am LONG now Add: Put a tight stop here, will leave if ES < 1200 :eek:
My believe is ES will stay around 1200 today due to option expiration and a lot of big institute seller are shorting at this strike price ??