We are a group of professional, institutional, and casual day traders and have our own community that posts daily and weekly content for our own little group to benefit from. We recently decided to open our doors and share our content with various other communities who could benefit from it. Oil and the SPX are both a hot topic, and those two happen to be our specialties.
The first post we had nailed the oil bottom here with a chart we made over a week ago and calling it highly accurately to the penny here.
Now we've made a new post showing what we believe the upside to oil likely is from here even in the bearish market we are in.
This isn't a bullish environment for oil, but the current path looks to be taking oil to here before another strong short trade emerges.
For those interested in the stock market, it's necessary to have a good grasp in both fundamental analysis (oil is bearish, for example, because of oversupply and lack of demand growth) but it's trading up now and this is the reason why and where it will stop (technical analysis reveals the likely path and the best entry to resume the short trade, as long as no bullish news emerges).
Long time lurker here, it's a great sub. And for those interested in having another sub to learn how professional day traders to their thing /r/daytraderparadise is where we lurk. We even have a 24/7 chat grp you can join at daytraderparadise.slack.com, through the invite link daytraderparadise.herokuapp.com if trading is something you were interested in getting into.
Welcome to check us out /r/stockmarket.
Happy investing/trading!
Submitted February 12, 2016 at 10:59AM by gabriel87120 http://ift.tt/1TX84OG
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