I've plotted Point D at 2087 Handle, As long as Price remains above D, We are likely to test 12.5 points higher which is the 2101 area. Once we touch the 2101, I've plotted an Open = High candle which is visible on the 2 hr chart. Therefore, 2101 is not going to sustain where price is going to hit 2111 very quickly. Levels to observe are longs above 2094. And...
The S&P500 shows a nice reversal head and shoulders formation on the chart. The S&P is moving in an uptrend for the last days and weeks. I think this formation shows good that the trend will continue after a pullback. The neckline of this formation is also at the 38.2 fib level of the last upside move. So I expect a short term price fall back to 2083 +/-. And...
Possible targets for the S&P500. ...As long as the S&P can hold over 2070/60 , we could start a first object to 2104/6. Otherwise it will directly drop to about 2021. ...if it also takes the 2106, then it could rise to 2150 (and above 2300/400). ...but that would be the extreme maximum i can see for the S&P so far! Then we should see a real...
S&P forming a possible inverse head and shoulders on H1, i am looking for a buy set up after neckline break and test.
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.