Here are hourly chart of the June S&P futures, the Spiders, and the QQQQ's. I last commented on these markets here.
The reaction started from lower levels than I anticipated and consequently has carried these markets a little lower than I expected. However I think it is just about over and that a move to new rally highs is imminent.
4 comments:
Somebody asked sometime back if you actually trade your strategies. I don't recall your answer, thanks.
Mark W.
You are very confident that the SPY is going to $146.5 before April 20 (expiration). What do you base this on?
You don't give any reasons.
This scenario is possible, but I think there is at least 50% chance of the market testing the resent lows in the next month.
Thanks
Rado
I share your view as well and heavily holding long dow/spx500 positions. Just bought some more last night (I'm from Australia)
Mark W. :
I always trade in the direction indicated by my forecasts. But my trades are usually made with a much shorter time horizon than that of my forecasts. So when I am wrong my losses are very small. And I take profits much more aggressively than you might infer from my blog.
So while you can deduce the direction of my trades from reading my blog, you won't learn much about my precise trading strategy from the blog.
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