I made a video analyzing a long term chart of the $SPY. I hope you guys find it worthwhile.
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Thanks, You going to raise cash over 1250 or average in some shorts?
Mine not working yet, The day after I shorted AAON, Zachs put it on a strong sell list. I’ll cover for a loss soon at this rate. As well as a couple others in same shape. Small % hedge = no problem.
Your analysis and other factors tell me it is time to raise cash wait for the inevitable pullback while ahead.
I already have a decent sized cash position right now. As far as shorts are concerned, because we are in a bull market I prefer cash. We have an awful lot of support below us right now in terms of moving averages and the 1150 break out level, so I suspect shorts will have to be incredibly nimble. We still have some ways to go before we get to 1250-1300, so I would be looking for swing longs if we pull back some more next week.
Great video.
I enjoyed your long term analysis.
Thanks Hawaii, much appreciated.
Great stuff.
Great video! Thanks for your help!
thnx guys!