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  1. #1
    Specialist Member LesterK's Avatar

    SP500 Ready for New Highs !!!

    SP500 is ready to break its last peak and to trade higher durring the late Friday session. I am entering into one hour call options.
    SP500 Ready for New Highs
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  2. #2
    Legendry Member Michael Hodges's Avatar

    SPX Day Trade !!!

    The markets are indeed on the verge of breaking to new highs once again. 
    SPX Day Trade
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  3. #3
    Specialist Member marvel's Avatar
    The yesterday momentum was something like a bull trap collecting much of the stops of all bullish investors. Finally the new high didn’t happen and the price slowly retrace back. I am not sure what will happen next week, but there is a substantial probability that we could form a double top and to continue south again. What do you think?

  4. #4
    Legendry Member Michael Hodges's Avatar
    I think Monday could be better than you think. WFC and JPM earnings were really good in my opinion and I think there will be more of the same reported next week. the banking index is set to make a nice bounce and that could help carry the broader market higher (the banks were a big drag on indexes Friday but I think it was some early profit taking and consolidation ahead of the brunt of bank earnings we will get next week). This is why I don't like to trade short term. I have a handle on where I think the market is going longer term, its what it may do on an intra day basis that is much harder.

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