Sorry but everyone sees the wedge within the wedge. It has to fall hard within the next 1-2 days. Otherwise, we'll get another squeeze upto 900. If it does fall my downside target is 780 then a rally to ~920-945.
Everyone sees it so we should get selling this A.M. In fact, we should gap down and then we'll see what the Big Money does with all the little TA traders.
Good one ND- i actually meant in places besides ET but it looks like the SP has had a little viagra- will it now go back to whence it came? or will we have to call the doctor "if symptoms persist for more than 4 hours"
"Oh boy here we go, the first time poster praising the new guy selling something." Looks like my agreement with ShadowTrader was correct as reflected in my account balance.
so far so good. covered some of the AGU for $2.50 gain and added more SPY at the break of the trendline. Target $82ish...
So what are everyone opinions on the coming weeks for the S&P? ..get down to 820 here quick, bounce a bit, then keep trending down in a channel to 811-800.. maybe break though that eventually and retest 755-740? the 61-50% fib retracement zone on this recent rally would put the S&P right around 750-740
hey fellow traders, had a great morning trading the UK session! probably lose it all in the US session haha! i have been following this guy called dominic17 on twitter though, who seems to know what he's doing regarding trading forex. www.tradingknowledge.info he was the one who actually told me about forums and the valuable info you can obtain from here as that's what he apparently spends most his time doing now when not trading, sourcing the net for quality info to help him trade, then sharing his findings with us... anyways, it's a sunny day in Ol'London town, currently sat in my garden trading and 'chatting' (-; alex