price777999
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who's short ..... gonna break 1950 ?
S&p500 been in a uptrend ever since Feb 11th..Naturally there are re-tracements on a regular basis, but nevertheless still a uptrend..
Nothing wrong with trading the pullbacks, But I would be slightly biased towards taking long term "long" positions as opposed to short until price reaches around the 2100 resistance area. Plus all this presidential malarkey may throw in a few surprises...
P.S. You would be very welcome to join us in the s&p 500 weekly prediction competition Silversurfer...Big prizes you know !
Have been trading the S and P all week and made 48 pips. Profit five out of five days.
Thing is, if the chart does what I think it might do next then it's not good for a lot of shareholders. It's been in an uptrend but now it's broken to the downside. Not only that but even though oil has gone up again the index went down which must be a bad sign.
I will always just take my share and use my trading method as a rule but I can see a massive long term short coming up for some . Only my opinion of course and it will probably soar to a new high! Let's wait and see
May I ask what you think the chart will do next?