Swing Trades On Indices and Key areas like S&P, NDX, XLF, GLD!

[john_for_u80]

Swing Trades on main Indices S&P, NDX and key places like GLD, Oil, USD... so that we know where the market is heading and where is the resistance and support!( Swing Trades can be from 3 days to 1 week or more)!

I would really like if some good traders in this forum contribute to this thread but please keep it simple on Swings!

I have really liked few threads in this forum from people like AIKI, ALBERT, CHARTGURU, SUPREONA but I think this kind of thread is missing........sorry if I missed some people out ;)


Here is my view on S&P for now.....

Already overbought and looks like market is fighting to rally or hold for now with some buy programs...

Looks like S&P is already near its top. It can still push little higher to 850 area. Also thinking that S&P will retrace (50%)to 760 area!

[MoreYummy]

It could go up alot more than you thought it could be :D

[john_for_u80]

It could go up alot more than you thought it could be :D

Just smiling after your comment does not make sense. I dont want to argue or reply to any comment which makes no sense.

I clearly mentioned what I think. If you think S&P can go higher directly from here without any retracement then tell the approximate price target rather than "could go up alot more than you thought it could be"!

Bottom Line: I did not post this thread so that I can get the benefit out of it. I posted this thread because newbies or people who dont trade technically can get some clear picture.

I know how to trade and I make 75-85% of my trades +ve! I visit this forum to share my views not to take. I have enough excellent sources where I go to get their views and learn more everyday!

Just noticed this is my post number: 600 :)