This daily signal was about to point upward, which suggests market going into correction mode soon??? Some other short-term signals suggested the same thing today.
I bought several batches of big puts with next Friday expiration date throughout today while taking care of errands outside. I'm somewhat nervous at this moment
Have a look at this weekly chart for the past 15-year.
Whenever black MACD line hits top horizontal blue line, it either dropped back down immediately or within 3-week. So far, it has been staying above top horizontal blue line for the 6th week. This shows how bullish market is these days.
I guess fed will do whatever they could in order to make sure April month will stay in green so that market won't fall back down below blue line on this monthly chart. Else, market will be in trouble.
trend 发表于 2016-4-20 09:22 AM
intro-day we need to break down 209.6 to initiate a sell signal
Well, a lot of sell signals were taking place since yesterday. Below chart is one of them. I'm waiting for momentum signals kicking in so that I'll enter one last batch of big puts, which means 70% of my trading capital are in puts by then.