ETF SWING & DAY TRADING

[denmo83]

POKERSAM...

Still riding the bull here, still 100% long.

I can definately see the 3 pushes higher, with the 3 lower MACD humps on the SPX weekly. That tells me we are toppy.

However, I also see MA support and positive MACD crossovers on the daily charts.

While I believe this market is topping, I do not see any confirmation to justify shorting.

That being said, it's all about one's time frames.

The SPX has just ripped up 36 points to the upside is 5 sessions. Is there room for consolidation/pullback? Certainly. Scalp a couple points on the short side if you must, but IMO, we're going higher.

Has anything confirmed a top? No.

I'm not trying to pick a fight with you. Actually, I appreciate you. You seem very confident of your short stance and it is your confidence that drives me to search just a little bit harder to be sure of my long position. This 6 month SPX chart supports my stance:

http://www.ttrader.com/mycharts/display.php?p=36228&u=denmo83&a=denmo%5C%27s%20charts&id...