SPY
I've been short SPY since 10/27. (I actually jumped in a little early on 8/25) The majority of my success (profits) has come by selling calls. I started selling bear call spreads 11/2 and opened additional positions 11/23 & 12/29. I've already taken the profits from most of my positions. The only position still open is 2 bear call spreads set to...
Daily chart: Has support become resistance at 1920???
Weekly: RSI and MACD looking uuuuuugly!
Monthly: Head and Shoulder breakdown at 1800 would project to 1500, PERFECT retest of last 2 bull markets and just under Fib .618 retracement (or .5 retrace to retest 1400)....
It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside.
Apparently the reason behind this upward correction might be caused by the upward correction in oil too.
We recommend shorting stocks instead of buying dips for now.
SPX landed on the lowest support line yesterday and started moving upwards after this.
Weekly, daily and 4h setups shows that SPX is undervalue and it is time to go up!
Hello Traders!
The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
In case of China stock market sell offs, world economy growth slow down (except US) and unstable geopolitical situation in North Korea, Syria, Ukraine, Turkey and others are filled with fear and insecurity. This cause the money flow into more secure assets. And it is hard to say when those unstable factors will fade away.
SP US stock index reached end of the...
I made this chart to have a material which helps me to think about moves and prices. I feel pressure to let prices get cheaper. I am not shure about mid and long-term trend. I use H1 & D time-frame to predict it. This is interesting to see what will happen. I am very curious about next chinese steps. All economics need to show and proves their numbers.
Look this isn't a prediction.. just a comparison.
Next week is going to one of the most interesting.
We wish everyone luck and hope you can a profitable 2016!
_In recent months and especially the last weeks "SP500" show many signs of starting a long-term downward train, if it really serious this year in a race in reverse move Dow and the Stop in the powerful last clouster formed in previous years, remember that this is just a simple speculation derived from the harmonics and patterns of proces, but not a fait accompli.
