SPDR S&P 500 ETF TRUSTPembelian
More Bounce? 8th Sep 2022
🖼 Daily Technical Picture 📈
➤ I guess we could say today's price action was a bounce that we had to have...just a little later than I thought. We are still in the chop zone so these bounces may not last long. The mid-May 2022 action can act as a guide.
➤ I sold my US Index positions as I held it for a bit longer than I would like. They may indeed keep moving up but there is still a good chance it can all reverse too. Therefore, I reduced my overall exposure. I'm sure we can get another bite of the cherry if prices hold up well.
➤ I continue to hold long DAX and EUSTX50 positions. Europe may outperform in the short-term as it was more oversold than US indices. My overall exposure has decreased to +80%. This is a moderate conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: First day return after the holiday was a big green day but one sunny day doesn't make it Summer.
➤ I guess we could say today's price action was a bounce that we had to have...just a little later than I thought. We are still in the chop zone so these bounces may not last long. The mid-May 2022 action can act as a guide.
➤ I sold my US Index positions as I held it for a bit longer than I would like. They may indeed keep moving up but there is still a good chance it can all reverse too. Therefore, I reduced my overall exposure. I'm sure we can get another bite of the cherry if prices hold up well.
➤ I continue to hold long DAX and EUSTX50 positions. Europe may outperform in the short-term as it was more oversold than US indices. My overall exposure has decreased to +80%. This is a moderate conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: First day return after the holiday was a big green day but one sunny day doesn't make it Summer.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.