Happy Monday morning, markets open, let’s go!

Read on a blog over the weekend about SPX retracement levels and buy/sell signals.  Signed up for a trial.  Hoping this tool helps me make educated trading decisions.

SPX has been falling from the 1850’s down to 1760’s, but looks oversold and a good entry point here, with a 72% of reversing back up, according to the calculator.

BUY 1000 SSO at $92.58


Started falling quickly, so cut my losses quick to minimize losses.  Keep my losses small and manageable.

SELL 1000 SSO @ $92.07
$531  LOSS


Looks like it firming up here at $92, back in again, but this time a little bit more firepower.

BUY 1800 SSO @ $92.08

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: