Saturday 5 March 2016

S&P500 Stock Index(SPX)

My first bullish signal for SPX was on 9 January 2016.Since then SPX went up by 4.0 %.This week I got a bearish signal for SPX based on the net number of new short contracts opened(9,184) vs net number of new long contracts opened(1,114) in the last 2 weeks.This means total number of new short contracts opened outnumbered old long contracts opened by more than 8 to 1.This is bearish and I expect SPX index to drop in the next days/weeks.Check my trackrecord2016 file and strategy on my free websites:

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