Short sell the SP500 out from its ascending wedge formation into its secondary support level at 2163.
Some profits could be taken at 2170 if volume looks poor heading into the downwards move.
I am watching, as many are, the current US indexes and their recent all-time highs. We've hd record day independently but Friday they all hit new highs. People I know are shorting SP500, buying gold like crazy, etc. but though this is an epic day, it might not be done climbing yet. Now, I agree that things will reverse. But it's a matter of when that will secure a...
Correct me if I'm wrong but I see:
a - bottom support
b - top support
c - megaphone pattern
d - cycles (blue lines)
So I see such scenarios:
D - PRINT PRINT PRINT by FED friends and rise right to the moon ;)
C - small correction and then moon
A & B - Big drop as shown, with crash perspective
SL 2248 or none
TP 1970
RR ratio: 3.13
Please let me know what...
TVC:SPX
The S&P 500 composite index reached 2129.79 today, just a point away from its all time high at 2130.82.
This should provide a good place to short the S&P, because:
Fundamentally: the outlook for the US economy is strong, with good job growth - however , the Federal Reserve should now look to increase interest rates slowly, which should gradually...
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely.
I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here.
For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
We can enter a sell trade for the S&P 500 index if it breaks the highlighted triangle pattern and settle below it.
Target 1: 1910
Target 2: 1860
Stop Loss: If it turns out to be a false break and the index closes back above 2040.
Monitor cluster and put stop on breakeven.
look at our setup:
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SignalSuisse
