EOD Market Updates SPX500 8/25/2017 and Set-Ups for 8/28/2017

in #investments7 years ago

Summary: Charts continue to show strengthening bias to the downside. Long positions should have tight trailing stops. Wait for the bounces to initiate new short positions. If you have an ongoing short position watch for a retest of 2435.6 and if we do not see that level tested on Monday of Tuesday we will need to reevaluate the validity of remaining short.

You can access the updated intraday charts next week as I post them on;

https://www.tradingview.com/chart/SPX500/MifguiUh-Set-ups-for-Monday-8-28-2017/

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Thank you @dankh :) Upvoted & Resteemed.

I appreciate your sharing #thegoodword with me about your post. Have a great day!

much appreciation

@dankh got you a $1.62 @minnowbooster upgoat, nice!
@dankh got you a $1.62 @minnowbooster upgoat, nice! (Image: pixabay.com)


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should I buy now?

that is up to you

getting in and out of markets is a 'traders' job. You are an 'investor' so you should just buy in at regular intervals, diversify, and hold for the long term

or should I get out?

you're giving me stress

see answer above