There's an opinion that the driver of this rally is mainly the expected corporate tax cut; some experts think this can take SPX to about 2400. I'm not an economist but a businessman and I know that any changes bring pain along. I think as we move on with the reforms there will be many shocks. In the holographic universe everything is interconnected.
Yorum
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Judging by the open interest in SPY options it looks like we might have already made this week's low. No trade advice, just an opinion.
Synchronicity is a concept, first explained by psychoanalyst Carl Jung, which holds that events are "meaningful coincidences" if they occur with no causal relationship yet seem to be meaningfully related.
UnknownUnicorn292837
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"So in all human affairs one notices, if one examines them closely, that it is impossible to remove one inconvenience without another emerging."
Niccolò Machiavelli
lol thank you Niccolo I've been searching for these words all week
UnknownUnicorn292837
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1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that
define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening
over another.
5. Every moment in the market is unique.
– Mark Douglas
UnknownUnicorn292837
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Chat With Traders: How to master trading psychology w/ Brett Steenbarger
lots of other pretty cool stuff on this channel too
UnknownUnicorn292837
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The idea of this chart was to show a possible pattern being formed with the odds in favor of a downside move. I'm not saying it's time to go short. In fact, as of now there's no good sell signal. The weekly chart is NOT in favor of a swing short position. Of course, for day trading different strategies cab be employed. Please see my other SPX chart with my intra-day approach for next Monday and possibly Tuesday.