S&P 500 Index - if price breaks May 13 low (2798.4) then it will fall till ~2710. Best way enter the market will be placing a Sell Stop a little below 2798.4
NASDAQ em queda DOW em queda Time to sell! Tende a Buscar LTA 2009
We have seen volatility pick up as expected, check out my Instagram posts, where I have posted various charts, I even said we will look to fill in the 2821 gap at some point. Gaps in the indices tend to get filled eventually, as you see from the chart we have filled the gaps on the downside, however, we have 3 gaps unfilled above. This analysis is not based on...
It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down. Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I...
MEDIUM TERM: downtrend may have bottomed When we look back at Intermediate wave ii in 2016. We find it lasted two months, and was an irregular zigzag correction : 2026-2121-1992. The current Intermediate wave iv correction is also three waves 2533-2802-2554, is just a bit more than two months, and appears to be a flat. The alternation setup, between the...
S&P has been rallying hard since the US elections, after an initial sharp sell off we have seen a very strong upwards trend. Could this be us approaching another correction in the S&P? We had a very choppy and fickle price action period in the time around "black Monday", this may have been the formation of our wave 4 and this persistent rally may have been our...
SPX500 reached an all time high and now bulls keep being rejected at 2280s level which appears to be a good resistance. US Dollar entered a period of pressure and Trump already abandoned 'strong dollar' rhetoric saying that high USD value actually could be bad for US economy. RSI pre-dominantly stays below 50% which further makes bull supporters question if there...