Thursday, November 12, 2015

S&P 500 Overall Bearish Day

(^GSPC, INDEXSP:.INX, NYSE ARCA: SPY, ESZ15.CME, $ES, $SPY); By Chaim Siegel of Elazar Advisors, LLC; Prices Quoted in S&P 500 EMini Dec Contracts

We mentioned pre market a bearish bias.  The market took a roller coaster ride today with wild swings up and down.  Wide swings is a sign of down markets.  We didn't have the perfect set ups today because of the swings but the medium term direction is looking lower as we started to say over the last few days.

Going into year end with a questionable Fed strategy, this could cause future volatility and down markets.

PRICES QUOTED IN THE ES EMINI DEC CONTRACT
#in, #s&p500, #stockmarket, #bestideas, nyse arca:spy
Disclosure: We may be trading S&P ES Dec in both directions at various times in the day
Disclosure: We may implement other price targets than we initially post on this site.
Disclosure: These trades can lose you money and principle especially when using leverage
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