After a trend line break this one has moved down to test the breakout. Stop loss will initiate if the test fails and it breaks back below the trend line.
So, i was studying the daily/weekly chart of the $SPX and thought to myself: this chart pattern looks familiar to me. I feel like I have seen this before in the not-to-distant past.
The pattern:
1. cruising along at market highs
2. bears take over and we see a ~10% correction
3. bulls resume control and take prices back towards prior highs
4. we fail to...
After todays shut down of instagram and facebook, im not 100% on how this pattern will play out but this is still a good set up for a long position with about 2$ risk
Recent comments by the federal reserve has served to significantly allay the fears of many investors that any further rate increases will occur in the near future. Further more the recent government shutdown should serve to stunt some of the upcoming economic indicators. As the Fed has stated many times they remain data dependant and if upcoming data disappoints...
SPX is currently testing major resistance.
Red box is confluence zone of:
- weekly 100 MA/EMA
- 0.618 Fib
- 0.5 of entire swing low
- previous structure support now turned resistance
Breakdown of the rectangle chart pattern in BDMS
Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand.
The BDMS price developed a rectangle chart pattern of possible distribution zone, of...
Alibaba is in a clear downward trajectory, and the weekly moving averages would agree with that statement at this time. Currently, price bounced off of a previous zone we saw it wick to back in late October/early November, and price is currently retesting its previous support zone-now-turned resistance around 140. I'm watching the 200 weekly moving average an area...
If ES can close this week above 2495 I wouldn't want to be short anymore!
Here the midpoint is the split between the two consecutive green up weeks we had on Oct. 29 and Nov. 6 (circled). Price also bounced off the 2460 zone today (also circled), which was an important zone in Sept. last year - it was the launch point for a significant rally.
I'm cautiously...
Today may be the day we get the long-awaited bounce in rates and equity. SMI is showing signs of strength with a positively sloped trendline. ES1! appears to fight the sellers' pressure and bounces of the anticipated support at around 2627.00 forming a triple bottom. Now the first resist is visible at 2712 but the major one is expected to be located at around...
Pure speculative position on the China-US trade talks. Trump had reached agreement with all "enemies" so far (NAFTA, North-Korea) his negotiation tactics include initial hard-talk and then agreeing.
US equity market range is 8%, a current trade will be a quick die or win position.
This was an experiment to find any relevant patterns or correlations between US Bonds/equities. Nasdaq was not included due to it's high %'s skewing the perspectives on the chart
Green vertical lines were "buy signals", and the red lines were sells. The result is that there definitely is some correlation here with the "oversold"/overbought" position on US 30yr...
Trade set up: Our bias leans towards a short in the SPX, where we are looking for a break below the recent low of 2685 to enter the position. Upon this development, we would set a stop loss at 2725 and our take profit set at 2603. This profit target is subject to change and dependent on the price action, as a break of 2603 would hold huge bearish implications....
