S&P is in a upward channel right now after a big rally that usually signals a reversal so be ready to short it if it breaks .
SH (short S&P500) is forming a nice falling reverse wedge pattern, also known as broadening pattern. The falling pattern is an indication that the price is likely to break out of the upper boundary. I'm personally looking for an AB=CD pattern, consolidating between 20 and 20.10, and the target at ~20.40.
Possible bull flag breakout targeting 2150. However, 2100-2111 resistance area is still a concerning spot to be long and should/could wait for some normal retrace. Seems like a home run for the bulls, but they are not completely out of the woods yet.
pretty much just what the title says. It's time to be long short S&P! The correction is long overdue! (although the election may postpone the inevitable)
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
Hi guys, Here is a bearish GARTLEY pattern @ 2097 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the...
Typical market behavior for a correction phase. Let's wait if the market price levels will be exceeded to the downside, only then this could turn into a bigger type of overall (weekly) correction. As of now higher timeframe breakouts were hit, a continous trend to the upside is still possible.
China and AAPL and other concerns about economy, Yen as a indicator and early alert, drop would be deeper minimum target on the chart.
I don't usually trade these, but for anyone interested... Target based on previous structural levels and and SL based on the shoulder height.
Oil price recovery has been mostly driven by USD related factors and so the fundamentals are still not where they need to be and the chronic oversupply continues. The banks with the largest energy debt exposure have felt the squeeze as a result and remain relatively risky. This chart shows the performance of the banks with the largest declared Energy debt...
Could the S&P 500 be in the middle of carving out a possible head & shoulders pattern? If so, and it breaks the neckline, the extension (the distance between the head & the neckline) could target the 1960 area which is the 50% Fib retracement of the April 20th high (2111.4) / February 11th low (1807.5). Bear in mind, the word on the street is that the shorts...
Of course it is, maybe now maybe later. The chart shows the last major movements in time and distance. It has been stumbling since last year. We all know it is coming just nobody knows when. Perhaps 2016 perhaps 2020. Not a trade just food for thought
The left side of the blue target box is at the number of months the 2000 dot com bubble took to reach swing low. The right side is the number of months the 2008 crisis took to reach swing low. The top of the box is the % drop of the 2000 dot com bust, and the bottom of the box is the % drop of the 2008 crisis. Interestingly, the average of the 2 is almost exactly...
Potential "fake break" above downward trending line from previous peaks. Volume on most recent peak was weak, no conviction. Plenty of support beneath, however, in reviewing previous lower-lows, 1800 could be the next resting point if bearish news/info comes to light