Steefoo

Steefoo

Anybody shorting #Uber tech. I have not heard or read anything positive on the company so decided to be on the short side. I see this trend judging by the chart. Anybody has same views?

Steefoo

*Dont look at the chart. It has little to show, like there may be a consolidation before the double top. ... While looking charts of Crypto and Gold seem start to correlate. Gold is back on its up trend. Crypto has revived from its well established bottom. And meanwhile SP500 is going up to ATH. Why? These 3 type assets classes, 3 types of investors are like 3...

Steefoo

Bulls will try to re-group and attack again. We havent seen the panic run yet.

Steefoo

SP:SPX is looking to be exhausted of the big battle it had won last months. Red lines represent trend lines it followed during this time. Its approaching a cross between trendline of the January rebound and its long term trend line. I think it would be its apex of the rebound. Later we may see consolidation and a try to follow the long term line, if of course...

Steefoo Updated 

1st of all thanks for all your great analysis. Its been like more than 100 points of reversal anticipation. Me personally gave upon it. My amateur observations are that market is moving abs. on macro conditions, FED and plunge protection algos, so technicals play the divergence role them self. Therefore ... I think s&p shall be filling the long term trend channel...