SPX Correction
Entry 1: 1745 - Risk 0.1% per 10 points, wide stop loss
Entry 2: 1770 - Risk 0.25% per 10 points, tight stop loss
GL swing traders.
Anytime the SPX reaches new highs, I will consider shorting it. Once momentum dies of course.
Why?
Record market leverage. This does not make for a stable market. When players are highly leveraged, they have little problem with reducing leverage and taking at least "some" profits off the table. If they don't reduce size at new highs they are susceptible to significant equity losses, compared to the yield stocks provide, its worth it.
Entry 2: 1770 - Risk 0.25% per 10 points, tight stop loss
GL swing traders.
Anytime the SPX reaches new highs, I will consider shorting it. Once momentum dies of course.
Why?
Record market leverage. This does not make for a stable market. When players are highly leveraged, they have little problem with reducing leverage and taking at least "some" profits off the table. If they don't reduce size at new highs they are susceptible to significant equity losses, compared to the yield stocks provide, its worth it.
Aviso legal
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