Please don't be a dreamer that this is still a bull market. It's only correction with no volumen. Next drop will be big. I think around 2100 they stop again but....just for a while.
I predict that we will see 1500 on S&P sooner then later.
This is my amateur perspective after looking at the chart for 10 minutes and drawing colourful lines all over the place.
Summary: Go long - but not quite yet.
We are in the wave 4 of (5) correction that will continue for a drop of 7 - 11% before recovering to form sub-wave 5 of (5) up (I am picking a buy zone between 1460 and 1440). Short-term targets will...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - M
Timeframe - 6-12 Months
Actions on -
A – Activating Event
The CBOE Volatility Index is creeping higher and starting to find support at the @20 level!.
B – Beliefs
The Financial Crisis in 2007 - 2009 we saw the VIX move rapidly towards the 61 level. Slowly we are heading in the same direction and...
Implications and Outlook
Last week the SPX cash Index for the short term rose to its highest price level since January of this year, However, the cash index pulled back during Friday’s trading session sell-off to conclude the week lower slightly.
SPX may show a lack of direction in early trading on Monday. Nevertheless, the major SPX cash index is currently...
Last Friday we had another retracement and SPX close is now near the 20MA and also sitting right at the trendline.
Today's closing will be an important point to watch and if it breaks down from the trendline, traders will be shorting it until the 200MA support probably
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t.me
Apparently, DAX is waiting for the fate of Euro.
And Euro's fate will be decided again in March 4.
So, meanwhile, I do not see any meaningful movement and I am neither extra bull nor bearish at this moment.
From the momentum point of view, it shall be able to swing back to 12550 level again until the date itself.
Trade Safe
s0nic
Disclaimer:
The...
The $SPY, $QQQ and $IWM are part of this week's Weekly Markets Analysis newsletters.
All of them showed strength last week and all of them has bearish patterns towards the open of this trading week.
Today could be an important day in the $SPY, $QQQ and $IWM
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Check out the complete analysis on this week's newsletters -...
