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UnknownUnicorn292837
24 févr. 2017 05:32

SPX500: The Force Index View 

S&P 500 index of US listed sharesFXCM

Description

It's a funny place.

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Always take your partial profits as it moves guys, don't wait for a "magical" target to be hit. Take off some at each fib level or/and at pivots.

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SPY 5 min, note the selling pressure

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60% to 40% imo - EOD action

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going flat at this Mean

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back into a short

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5 min SPY

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I'll continue to short the top of this range. Every time. Probabilities.
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UnknownUnicorn292837
UnknownUnicorn292837
It's a pretty fine balance and my probability assessment for the moment is 55% down vs 45% up.
UnknownUnicorn292837
In a bull trend about 80% of reversal attempts fail according to some experts. This is a very useful statistical observation.
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