Market view

And there we went... big major rally in markets as expected from the backtest of trendline + possible double bottom. Mkts went up and closed near 3-5% for the day and closed at the highs , very bullish indeed.

30min and 60min chart all short term charts is now very overbought short term - which means either a pullback soon or not a big green day today - but either way we should move up higher into Friday imho.


SPX and TNA did close right at some resistance and gold plunged nicely which we were short in the room from yesterday and added yesterday too - which went up big from http://premium.nwatrading.com We made 10+% just in short hold yesterday and near 15% 1 day in TNA.

The thing is that we broke some big resistance at SPY 115.5 which should now act as support before higher - which means a pullback to this zone before higher is very possible.

Conclusion:

Holding all my TNA from 36 and 38 and short term charts very overbought short term - you might expect minor pullback but nothing big imho as I think we move higher again....

The pullback if we get one should be a possible gap down to 1150-1155 area before a move to 1220-1240 imho.

All my daily indicators turned on a buy signal yesterday and as long SPX stays above 1140 we will STAY on a buy signal - so every dip should be bought.

TBT looks like it could breakout next from here... and if TBT moves up , markets gonna move up - as you see when TLT(opposite of TBT) when this were moving up since start august , makrets were crashing down.... I think TBT looks very bullish therefore... the markets very bullish right now short term.
Either way- holding all my long size position in TNA 36$ and 38$.

We made 10% in DZZ in 1 single day + 4% in a stock + 14% in TNA in http://premium.nwatrading.com/ - come in and join you will for sure make everything back in just a few days. Best financial site on the web.