I was busy in the morning. Therefore fresh thoughts.
The market is tired, copper and oil cannot break through the hai yet, despite market momentum. Approaching a critical date 19 overbought market. Regardless of tomorrow, Monday could be the beginning of weakness in the markets if Friday is not negative. There has been no negative news for too long.
My SHORT is valid.
A good picture from Morgan Stanley was thrown to me in the comments, which shows extreme sentiment.
If the market tries to break 1160 on volume, I close more than half of the SHORT and restart either at the extreme hourly RSI above 75 , either on negative momentum.
GOOG Today 10:20am EST / 03:20pm GMT
Google Inc "99.9 percent" certain to shut down in China – Financial Times – Citing a source familiar to company’s thinking, article reports that GOOG has established a plan to withdraw out of China
After fixing minus 3% managed to finish the day with a plus 2%.
That, that he covered during the fall, recovered by more than the average SHORT value. I do not expect any news on Monday to affect the big gap up, if there is a gap, then just down( rather more likely). When everything is so quiet and optimism prevails in the market, then wait ” stab in the back”.
The result is the price for the remaining position 1150 under the March contract. I will switch to the June contract on Monday.
Only a request to mine “доброжелателям” ” do not bite your nails” on the weekend and do not wish me losses :)))) And then I look at someone who posts in their blogs with hints, what got into SHORT. As you can see, I twist on ” угадайке”!!!
Good luck bulls! I hope you have set your feet, but it may not help if the gap is 10 points down! :)))))
Since an interesting picture has emerged, I want to express some thoughts about the `` state of health" индекса.
As you can see from the above graph, negative is the breakdown of the rising green line, to level this, you need to overcome 1455.
Finding above the main MA is positive.
Potential formation of the right shoulder can also be negative in the event of a breakout 1300, purpose arises 1150 and below. The longer it stays lower 1455, the greater the risk of falling. It is also necessary to observe the correlation with SPX with a weak correlation, the risk increases.
I'll tell you just in case, what to do in cases, when there was still no negative close and confirmation of the reversal of this sput from 1045.
In such cases, I trade around , that is, I use falls and cover a significant part of the SHORT, and then on the rebound I restore. This allows you to save up some capital in the event of a market spike.. If there is a negative close and, as a result, confirmation of the local top, then you won't have to cover for the fall.
Closed sugar long with a normal plus. If it creates something like 2 or 3 bottom or reversal pattern, then I will re-enter.
What US downgrade are you talking about?! :))))
Fitch thinks, that everything is normal!!!
(US) Fitch: US vulnerable to an interest rate shocks but sees no pressure on its “AAA” sovereign credit ratings in the short/medium term –
