Ep 91: Evaluating Macroeconomic Conditions – Bulls vs Bears
★ SUMMARY ★
In this episode I’d like to go into evaluating market macroeconomics as well as looking at bulls vs. bears.
If you look at the market overall and we go into the weekly stand point, you can see that we’ve made all-time highs at this price level, so the SPY all-time highs here is right around the 2113 level, give or take.
If you look at the SPX, you’re looking right around the 2140 level, really it’s the all-time highs here is 2132 and then if we go into this bar here, 2134, so call it 2135.
What happens in these scenarios is, when you have a combination of shorts and longs, you’re able to take your positions off the table, and take your profits and allow the others to catch up. And then you get out of those shorts, you take some profits and you flip and go into the long side.
Posted at: http://tradersfly.com/2016/06/ep-91-evaluating-macroeconomic-conditions-bulls-vs-bears/
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