Trade with caution as SPX500 continues to push through and reaches all-time highs. The market can be very unpredictable, Very volatile, and vulnerable to News Impacts. Expect Pullbacks!
Jesus! I cant believe this is the 6ht update on this Sh*T! this market is becoming so boring and I can't believe it has not crash yet! I have some big short position on this so I am watching this non stop. this is the last count. there are 3 possibles as I explained in my previous post. 1- a triangle and the wave 5 and then crash 2- crash 3- another uptrend...
Price action lines up pretty close, that's why I would like to see more of a consolidation here, and a break of 3000.00 low, but very momentarily if it happens.
I feel emphatically sorry for any trader that does not watch the video (link in comments) before market open.... Seriously, if u wanna make money, don't be stupid and neglect such a gem...
I expect SandP to break the low, then pull up and make a similar type pattern it just made, then we get the larger move down. I'm analyzing 100's of patterns today in order to predict exactly how deep this correction will be. I think I know but want to be more sure. I will make the greatest trading video ever made this weekend.
The SandP pattern was reminding me of something, and I realized it was Under Armor. I would expect small flat like structure on 1HR to produce a nice sell to continue down.
Since we have taken a bullish reaction on this flag we can expect that S&P 500 will continue its upward direction.
Plus you have the 200 moving average in about the same spot right now on daily and 4hr, which is right above the high.
We are def. at a critical area. I'm still leaning slightly on the bullish side. 3k is a good possibility if we bounce and stay within the upward channel. If support doesn't hold and we drop. I see us then re-testing the $2600 area. Hoping for the best, GL to all with trading.
Rejected by the 4H 200ema, and RSI broke under 2 month old support. Would probably drag BTC down with it.
Hello! Friends, Just don't forget the Weekly trend ( DOWN ).
Or ever. For the TA, stairway up for 4 years, elevator down for 4 months. ABC correction pattern with 0.382 retracement. Retesting the 4h 200 ema at a level where there is multiple resistances and RSI looks set to drop. At the estimated target of 2916, RSI will form a hidden bearish divergence, which means a continuation of the downward trend. 1 to 1 A to C...
S&P 500 short opportunity (short-term)
The DJI fell shortly after I called it out. It is acting very closely with the fib retracement. 20k by EOW followed by 18k is near future. Hold tight as there is no clear asset class that is showing to be acting like a safe haven. I wouldn't by shy about buying a little bit of precious metal as well as crypto and diversifying within the market as it is...
We are def. oversold! I'm looking at a upward bounce on Tuesday, hopefully we can break out of the channel and stop this horrible downward momentum. I think we will at the least test the top of the channel, hoping for the best.
SP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets. Entry: 2881 SL: 2719 TP-1: 3089 TP-2: 3219 R/R: 2.09 Please let me know if you have any suggestions or...
Earnings and Economic Headlines to begin to Replace Geopolitical Concerns? No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to...