On Sabbatical

I'll come back in ten days.
Good luck! Try your skills as I shown, it's not as hard as you feel.

Nice day, what a surprise :). Exactly as I told, bear-trap.

Cheers!

Sold both units @1085 cash out, a little more than 6% in 1 month

Pretty good results in a volatile environment like this.

OPEX Wednesday

As I told in my prior post, market was ready for a bounce, and  it made a nice correction.
Most probably this short-term bull will continue on wednesday, as usually happen on opex weeks. (wednesday rally, thursday bearish push down).
If it will, then we sell our both units around mid-day, wednesday. (Also, I will leave for a week and this strategy needs a daily control with 20-30 minutes of analysis).

So, let's see our 60 minutes ichimoku analysis. It has fallen out of safe zone for a while, but could recover quickly.
There is a new basis is building up around 1085.

Signs clear that fed is playing for a bear-killing bullish rally and then push bears to a short-cover situation will contribute to a longer-term upward move.
There is a good chance for a thursday-friday fight. This market is really hard to trade and volatile,
as you could see, this  trading strategy does not try to trade every up and down swing.We are still behave as traders and sometimes we need to take profit.

(Personally I leave all my bulls in and o.k. with some correction as there is a strong and clear bullish setup building up with high probability materializing in 4-6 workdays).

Overheated market - Cool down reaction

As I warned several times, market had an extreme overheated status for last Friday.
It was almost sure a correction will happen. What is a warning sign is the strength of the correction.
Following chart shows market situation, safety zone, danger zone and liquidation limit.

As it can be seen, almost all of the short-term indicatiors suggest a bounce.

Daily volume analysis :

Almost all critical indicators show bullish signal, except on a rising selling volume signal. That gives a caution signal. Usually selling volume signal is flat zero in clear bull markets.

60 min volume chart will be analysed EOD.

30 min volume analysis shows very slow selling volume elimination and selling volume elimination.

Close watch is necessary with a good chance of slow bullish change.

nice opportunity to make a new buy

Signals are that clear, this strategy buys a new unit.

Unit is a given unit of money, for e.g. 1k or 10k or 100k.
I will measure the performance of this stretegy by SPX points x units.

Still nothing to worry about

Normal cool-down today.
Market made too fast progress so far.

However, all volume indicator shows bullish market setup.

Seems not easy but we keep our positions and let big guys to play their game.

Cool down phase

Nothing to worry about, stock were too hot (overbought). It's a short-term cool-down phase.
We keep our positions, still have nice profit so far.