Replies to post #54242 on SPDR S&P 500 (SPY)

[be]

Learning, shorting Qs (long QID) when Namo =-60 is an extremely high risk trade . I may be wrong this time .



Thanks, be .

The ideal trade is when the short term trend is with the long term trend .
The more time frames that signal a "same direction trade" simultaneously, should lead one to expect a higher rate of success (bobjack) .

[learningboutinv]

Opps I meant QLD not QID. Sheesh... I opened a QLD position. Tired as hell. Got only 3 hours of sleep last night. I am expecting a bounce this week. Probably a weak bounce.