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So from this vantage point, the 2650 level in the next few days may be crucial
Looks like if the price can close above 2650 for April, a test of 2800 might happen in May
I fully expect the price to rally to test that 2670 level--but it might test that 2700 and even beyond. I don't know whether I want to exit for...
Even 2640 is ok if you believe that the price shall test that 2670 level
My theory says buying anywhere between 2600 to 2620 is solid because the price should go back up to test that 2670 level
And so it goes...this is typical range bound behavior. But, a test of 2670 is virtually inevitable, according to my theory
Entering long at this level certainly beats entering at 2670
Averaging in as it collapses. I expect the SPX to test that 2670 level at some point
Ok. In long at 2640
Ideally, the price revisits that 2600 level--for a nice long entry
For this week, around 2630 might be a worthy level for a long entry. Of course, we are still range bound and it could collapse to non above...
Not pushing to the 2650 to 2655 level I want for a first long entry. Next week maybe an entry at somewhere between 2630 to 2640 then
The SPX needs to hit that 2650 to 2660 level
Around 2660 could be ok, for a first long entry--I'd prefer 2650, though
2680 is not a nice location for a long entry. It can be profitable--but this is gambling territory. 2650 or non higher is much better
Volume is not high today: Spy at 44 million with an hour to go
At any rate, as long as the price is non above the 2700 level, maybe we should be rooting for the bears and hope that the price revisits that...
But right now we're just drinking beer or coolers when we should be really trying out some of the stronger stuff
But I'd love for the price to really test the resolve of the bulls and test that 2,000 level once again. I think that would be fantastic for the...
But for how the economy is doing and how well the earnings look this quarter, the SPX hanging non-above the 2700 level is puzzling. A lot of...
