Declining Channel

Considering all the fireworks we have seen so far in 2018, this week here, has to be the most boring trading weeks so far.  Fear not, the summer time is around the corner, and there will, no doubt be some mind numbing weeks there as well. 

My Swing Trading Approach Price action is becoming mre reliable for the bulls here, however, shock events still loom large on SPX with North Korea. I will look to aggresively increase my stops on my profitable positions.  Indicators

My Swing Trading Approach I’m choosing to stay flexible with my portfolio with a mixture of long and short setups. I don’t have a high degree of trust in this market, so maintaining the ability to flip the portfolio folio in either direction is key here.  Indicators

My Swing Trading Approach I’m short on this market and will continue to be so as the day evolves. I’ll have one eye on the bulls and whether they can buy the dip. I’ll look to add additional short positions if the market can find more traction to the downside.   Indicators

My Swing Trading Approach Keeping a slightly bearish portfolio here as the bulls continue to show the inability to rally this market thorugh key resistance levels. Though I am ready to flip to the long side if necessary.   Indicators

My Swing Trading Approach Slightly bearish portfolio, but ready to flip to the long side depending on how the Yellen speech at Jackson Hole goes.  Indicators

This channel continues to hold up amazingly well. Check it out for yourself. I posted it on Twitter this morning before the price rejection ever took hold.