Stock Market Today: December 17th - 21st, 2018

One hour before the FED. But, according to the TRIN, there appears to be a lot of buying. Hmmm

 

So when do people start selling the rip?

 

I exited for profit taking. Except for Lot #1

 

After the decision? I would wait until the knee jerk settles and ride the trend after.

 

LOL, are we gonna set here directly in the middle of the range until 2et?

 

If we break 2532 and open below more stops will kick in I think.

 

And so, it was a good thing I profit took at 2570

 

I'd like to re-enter around 2530. I had set a buy limit at 2530 but the SPX hit only 2533. Just missed the boat on that FED volatility today

 

short @ 2563
already took 1/2 to cover risk

 

Things are blurry now. But, I still want to enter around 2530 for second long LOT position [to average in on that LOT #1 position I still have, where I entered at around 2600]

 

Pure speculation here: But,maybe after the FED nonsense today, we might test the 2530 level one more time and then the Santa rally. But we'll see

 

out 2542

 

Ok. The SPX hit 2529. I entered long LOT #2 at 2530. My theory says not to enter. But, this is a more instinctive play. We'll see. At least I exited for profit at 2570.today.

 

looking at 2510 ish

EDIT : 2496

 

Getting more bearish for sure, this time we kept hitting new lows of the year rather than bouncing off near the February lows

 

LOL wish I kept some of that short. I just kept buying into the flush and trailing til I was out. Left a lot on the table there.

 

2488 next up

 

This is the big flush to chase everyone out. Look to get long the rest of the year imo

 

First time in awhile that the FED isn't the market's friend