1920 is the nearest daily support zone. 1950 is now resistance. There's potential bullish aggressive C entry here if $SPX will close about the Fast and the 50 SMA lines. 1945 is nearest target level for short term traders. 1965 is the next target Final target for this setup 1972 - Completion of bearish Bat
IN OUR PREVIOUS IDEA ON SNP WE STATED THAT THE INDEX CANCELLED DOWNWARD RISK, AS IT TRADED ABOVE 1ST STANDARD DEVIATIONS FROM 1-YEAR AND QUARTERLY MEAN AT ABOUT 197 HOWEVER, MARKET PROVED US WRONG! PRICE HAS FALLEN BACK BELOW THE KEY LEVELS, THUS IS NOW OPEN TO MORE DOWNSIDE AT THIS STAGE WE CAN ONLY CONCLUDE THAT THE TRUE CANCELLATION OF DOWNWARD RISK WILL BE...
S&P 500 closed today above key level, which is the downtrend border in relation to 1-year and quarterly mean. The level is the lower 1st standard deviation from 1-year and quarterly means aligned, now standing at 197.5 The close above cancels downward risk that was initiated during late August selloff - and if price trades above it from now on - it will likely...
On technical basis, SPY (The S&P500 ETF) has broken down below 1st standard deviation from quarterly mean (66 days), while also breaking below 1 year mean (264 days). The price has now entered a downtrend on quarterly basis, and will continue to fall if price stays below 1st standard deviation from quarterly mean (207.1) Closest target is the lower 1st st...
The bullish Weekly Markets Analysis setup reached first target zone Now we will see how this resistance zone will act
On my Weekly Markets Analysis I mentioned 2060 (206 in $SPY) as a strong weekly support zone. For now its till holds. 2110 next target zone for this bullish setup (2080 was the first)
The S&P500 stock index is likely to hold its lateral uptrend, which started back in the beginning of 2013, when the "Fiscal Cliff" debate between the White House and the US Congress was resolved in a positive way. The event also marked an "official" end of consequences of 2008-2009 financial meltdown, eventually sending key stock indices above their 2007 peaks. ...
Harmonic pattern setup providing a possible short entry on the E-mini. Butterfly harmonic. Watch for bearish candles signaling start of downturn & entry point. Target(s) at 38.2, 50 and 61.8 retrace of CD. Stop above D at your defined risk level.
This is a game changer people, look at the pink PRZ the price action moved very strongly in that area, denoting a further move downward. This is a no brainer, Where would it stop, look left. Now technically we should have taken some profits from this since my last post, and now we got a opportunity to short this, but know your limits and TP. Technically i would...