.SPX: No ATH This Year!
Hello everyone! Today i want to share some trading analysis with you!
1.
Home Sweet Home: $S&P 500(.SPX)$
(1) finally, 20-hr on the air, now get back to my den, after a month-long vacation in Asia.
(2) the market has totally altered its path, both on the day of my departure on 4/7, and on the day of my return on 5/12.
(3) exited most short position at Monday's open, with some losses--but still very profitable so far this year. The 5770 zone is the watershed line in my chart; above that, the original roadmap is in doubt.
(4) the Swiss outcome between China & U.S. caught many off-guarded, myself included, and I have to revisit the long-term road-map on the plane home.
(5) by landing at Florida, I figured out what is going on and will update in this week's Bamboo Scroll for subs.
(6) all in all, it is hard to trade the market, esp. day-trading U.S. index, on an Asia timeline, which won't work out for obvious reasons. Now, back to EST, and will get back on track again.
2.
Still holding some 7/18 SPY 560 puts and will hold them till mid-July.
SPX will revisit 5300 zone after this rebound, to top around 6000 zone.
No ATH this year.
Will update more in the weekend report.
During this time, to find the right way to gain profits!
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