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S&P – Up or Down?

Thursday, November 24, 2016 19:26
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13w-sp

BarroMetrics Views: S&P – Up or Down?

A weekly bullish conviction close above the Maximum Extension (2186) will signal the start of new bull market. The problem is I am not seeing the range and volume I’d normally associate with the start of the a new bull.

Under the circumstances, I’ll resort to the 2007 view: ‘Long or out’. In other words, I am not prepared to short the indices until I see some sign that the sellers are back.

The post S&P – Up or Down? appeared first on Ray Barros' Blog for Trading Success.

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  • They’ll probably try to push it up. Unfortunately for them, pressure and derivatives (in the sense of physics) means the S&P inevitably goes down.

    Tried to use position to force momentum you fucking jerks, here’s what you get as a result, you snap, you crackle and the bubble pops.

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