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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (109675)	8/13/2018 11:34:49 PM
From: Peace	Read Replies (1) \| Respond to of 218648

For equities I am actually expecting a decline over the next several weeks towards the lower end of the trading range. Ideally that takes us in to the next earnings season and with another quarter behind and elections over, the market will likely embark on a sustained uptrend breaking out of the big trading range it’s been all year. Until then it’s a trading market but since we are at the upper end of the trading range I think the bias will be to go down to the lower end. I could have simply held my shorts but since my options would have expired soon, I had to roll them instead I decided to trade a bit short term as I have more time this week to watch the markets. I am long for another 20 points or so and will look to go short again.