DJGSP

The bull case can be made better if we can close above 221.08 today.

 

Closed at 221.09 which was 1 tick above the opening of the week. Looks like it has based out for now and is on a springboard. I've committed 10 percent of my portfolio to this index.

 

On the 4 hour chart, price retraced to the Oct 30th high. (221.08)
From here it definitely looks like a bounce, and continued ride up.

Nice

 

Not tremendous as we are at 211.49 currently. Staying long the index.

 

You did not have a STOP in place.

WHERE IS YOUR STOP !??!?!?!



DJGSP is not bullish on the daily chart.
This is a little bearish, or rather choppy.

 

I have committed 10 percent of my portfolio to the index. It's a position. No need to have a stop when I am not using leverage and just 10 percent of portfolio. I would reevaluate around 185.

 

Looking good----We now have an inverted head and shoulders and sit at 219.81.