I wrote about possible long trades 5 days ago. These trades still could be opened with target about 4700. But at the same time we have situation, which shows that price could reverse from 4550 resistance level and break the up trend line. It could be a signal for opening short positions with possible targets near 4100 in long term. Open shorts trades we could...
The price bounced from MA20 and trend line. RSI confirmed reversal and DMI confirms that it's time for long trades. There is only one question - if the Day Close is near the same levels, we'll have buy confirmation from MACD. The Entry levels could be the Day High or breakout of the previous High. Long trades are also confirmed by weekly uptrend. The Target Level...
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...
$NAS100 likely to drop
H&S pattern with a double top... Chart speaks for itself. Just an idea! Comments are welcome!!
When is this rally short covering rally going to end? It already has. It's just bounced off monthly resistance. But besides this, how do you know it's the end of the rally? Surely the there must be more than one technical indicator? Well you're right. A crossover of the MACD and a break below the upward trending support would confirm this rally is over plus a...
Triangular geometry was designed to take on Keynesian markets.
Expect NAS100/NDX to break highs and break down. Corporate buybacks enter blackout period but early shorts must be punished and removed from the gravy train. Enter between 4437 and 4449, stop on close past 4462. Move to break even early after a momentum candle down.
Would love some opinions about this trade. looks like a correction to me.
I like when time balance and fundamentals are confirming price patterns. -Uptrend move failed at 61.8% fib and looks good from elliott wave perspective. -Time resistance: 50% in time is holding of last impulsive move down -after FOMC historicly most rises are followed by a fall
NDX100 NAS100 looking bearish at key 200/100 ma juncture
All strength indicators suggest short. Market is over-bought since last few days saw significant gains in terms of long positions. Market has reached a resistance at 4295-4300. Time to short.
NASDAQ tracing a wave 4 correction, currently about to drop lower on the final wave C. After that, should see explosive up on a nice wave 3. Looking lower to enter long and catch that wave 3.
1.272 ext. Target Hit! www.facebook.com
Minor resistance held and now the August lows must hold otherwise we will have a date with the 3700 area. We are shorting all pops until last weeks highs get taken out. REMEMBER NON TRIGGER - NO TRADE!
Bulls defended our level and are trying to claw their way back. We are still favoring the downside and will seek triggers around the Minor Resistance area. Be patient on Monday. No Trigger, No Trade!