Tradable Bottom & Expected Placebos, Contemporary Nifty Fifty, Outlook & Reviews
I、 Tradable Bottom & Expected Placebos, Swing Trading & Hedge This Thursday May 12 th , a little bit over one hour before the market close, the equity market tumbled again, with S&P 500 around 3865, very close to the bear market mark of 3855, I posted the above market call with swing trading and hedge strategies in this group and others as well :【 With S&P 500 around 3865 , very short distance away from the bear market mark at 3855, for short positions, as a prudent strategy, except the ones being hedged through options or the mini-futures, it's better take the chips off the table, and wait for better opportunities to short the rallies again in the future 】, and after the market close, made a short s upplement of the outlook :【 However, it's very likely still only a short-term tradable bottom with first level upward resistance around S&P 4050, and surely not a rock solid bottom, which could see Nasdaq Composite to test the support strength at its 200-w...