For the past 14 days, the price of the S & P500 has been stuck between 2767 and 2813. We believe that because of the wait for Trump and China, will they reach an agreement or not? If the Chinese and the Americans reach this agreement, it is good for sp500 and if not is bad, All this in terms of Fundamental Analysis, In terms of technical analysis we see in the...
much overbought in short time face biggest resistance market euphori on shutdown and trade talks but nothing is done,is buy the rumour for now..so investor will surely take some rofit sonnest
As you can see in the graph above in the last three times of Fed meetings The market dropped, Today there will also be a meeting of the Fed so we recommend opening a sell position and continuing the trend of meetings, The second (sell) reason is the line of resistance of (Ichimoku Indicator) Senkou Span sell S&P 500 Entry Price: 2655 Stop Loss: 2703 Take Profit: 2400
Market has been on side ways mode since earnings began.
the pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short basic chart reading- good for beginner who ant study this basic chart setup
Let's take a look at a different angle on multi year SPX run - SPX Euro hedged. Almost 45 years of bullish market with price action in only the one upside channel, with 2 exceptions that were resulted to US recessions . So what about 50% decline to early 2020x.
Mirror Channel Down pattern developing on 1D as 2,741 has been priced as the latest Lower High (ADX = 21.036) on the current 2018 bear cycle. 4H has already initiated its Channel Down (Highs/Lows = -10.9821, BBP = -14.4680) with only MACD = 8.280 supporting from further downtrend. Expected targets are the supports (2,697.60 and 2,680.50 the most immediate).