goodguy

S&P 500: The Bear just opened the door

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goodguy 已更新   
SP:SPX   標準普爾500指數
The daily up correction trend line was broken today. Based on shorter term patterns I took my first short position, about 1/3 of what longer term I Hope to have. As you know most “gaps” are closed within a short time period except for so called “opening” gap. Usually it’s hard to know it was an opening gap til much later. For me personally when there is a fairly extexted trend ,then there is a gap that break the trend line and isn’t closed intraday I think there is a good chance it is an opening gap; ie a sign of trend reversal. Which we had today. The next sign will be taking out the previous daily low (horizontal dotted line).
Process your way. Best to ya.
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Best on intraday action. Have a great weekend.

交易結束:達到停損點
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