Discussion Forum for trading analysis, help, signals and trading

Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

Forum Navigation
Please or Register to create posts and topics.

16th March 2018

Still looks bullish, but needs to break 7190

Todays Post here

Don't forget option expiry and triple witching today at 10:10 - spike up probably

Pretty confident this is going to break lower soon. Last year the consolidation periods ended up resolving higher with the yanks dragging us up... this time the US market looks to be struggling. If SPX loses 2730-40 area then everything will go down with it.

https://mobile.twitter.com/NorthmanTrader/status/974312608219181061

Looks like distribution and lack of liquidity as every day they gap up and sell off. Big divergence between different indices and different sectors too.

Can see the possibility of a bounce on the 4 hour chart but if it materialises will probably end up being another failed rally attempt.

If we can break and hold above 7167... 200 on the hourly...I would say 7190 is achievable...

Equates to the 100 on four hourly...

Ok no point in trying to be a hero ive taken 167..... I had too much size on for a Friday.....

Trying a small short at 68.3 if it fails I will dump it....

Quote from anstel on 16th March 2018, 3:22 pm

Trying a small short at 68.3 if it fails I will dump it....

It's raving overbought on 3 and 5 min

Just took a Couple on the short...

Looking to get long again if it sells off on dow open but only small ...if not I'm done for the week...

Short again at 72 seems to be struggling ...

Short ended up from 76.6 closed at 63.8 took another 6pts on the bounce then sold 70 and took 65..... Good end to the week......have a good weekend all....