Is it possible that the tech market is now in a second bubble? Although the valuation of the top 5-6 companies is accurate, what would the rest of the 455 stocks of the SPX are signalling on what is going to happen next?
In my view, I believe that a few signs on the chart of the SPX does seem to indicate that a correction is due. There is a current bearish...
S&P500- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following...
So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19.
To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know...
We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you...
After are few weeks seeing a pull back by the bulls by 20%, In late April a push down to nearly 30% to corrective levels by the bears to me seems to be arising and then this should be the bottom before we clime to 4000 level.
Sorry If my English is Sh*t.
SPX500USD another 8% drop. The analysis shows that the third sequence of an increasing correction fractal is being built. It is therefore advisable to apply this rule. The target for the downward movement is 2348.2usd
SPX in need of correction before reversion to BULL
Diversion going back months on RSI etc
Recent pullback and now Head and Shoulders on FOMC day
Targeting 1.272 - 1.618 fib extension of A leg down in ABC move
US500 - Intraday - We look to Sell at 2996 (stop at 3011)
The rally has posted an exhaustion count on the weekly chart. Trades at the lowest level in 15 days. An overnight positive theme in Equities has led to a higher open this morning. The 261.8% Fibonacci extension is located at 5953 from 3026 to 2998. Expect trading to...
US500 - Intraday - We look to Sell at 3020 (stop at 3030)
Our profit targets will be 2910 and 2900
Resistance: 3022 / 3040 / 3050
Support: 2970 / 2910 / 2900
Weekly – Close to an exhaustion count (trend line resistance at 3032)
Daily chart – Overbought
Intraday chart – Ending wedge. 261.8% lines up with the trend of
higher highs. A break...