1 Part Downside, 3 Parts Chopfest

Posted on Dec 8 2015 - 1:45pm by Sharpe Trade

My overall directional view of stock markets at the moment?  As I’ve mentioned in podcasts, we are in December, and therefore as the month progresses, activity will lessen.  Which is leading to an overall chop-fest.

Which in a way, has turned out to be the theme of 2015.

A choppy meat-grinder, with the occasional sell-off.  At the moment, I have a mildly … and let me stress … mildly bearish view of the markets overall.  

2035 to 2045 is where we find heavy market support on the March e-mini. But at the same time, the pressure that is building behind that support, is momentum to the downside …

2 Comments so far. Feel free to join this conversation.

  1. NewLife December 8, 2015 at 3:16 pm - Reply

    Why you gotta tell us this when I’m long the QQQ? C’mon man! haha

    • Dan December 8, 2015 at 5:02 pm - Reply

      🙂

      Just got to read what I see there.

      Though if it makes you feel any better, in a way, I’m long the Q’s as well …

      D

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