Medium Term Trading of SP500 with Cycle Analysis

SP500 gap down about 21 points.

 

I exited the SP short trade over night. It turned out to be a good move. I did cycle on eurcad and now short that.

 

I had nice profits on the SP short and closed out so as to not give them up. Turned out to be a good decision as now SP index moving higher. I looked at some currency pairs and eurcad looked like a good set up, so I did my cycle analysis on that, and the attachment is what I found out. So I shorted it. So far so good.

View attachment 207781

 

I saw the stock market retrace and shorted again at 2870

 

Here is the screen shot.

 

Long term, sure looks like the making of a bearish head and shoulders.

 

Here is a site where my trade performance is displayed. I just started trading this account on August 19.

http://www.myfxbook.com/members/Stock_Cycles11/mt4-77773197/3501299

 

Watching CNBC. Dow dropped 50 points in 2 minutes.

 

Trump is nuts. Said China called twice to do talks again. It was just reported that China officials said they don't know what Trump is talking about. The overnight rally was based on a lie by Trump!

 

SP500 and weekly pivots.