It's a potential short position for at-least 330 pips. TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point 2135.50, you can still catch 200 pips till TP1 is reached, however there may be a slight pullback., It is recommended to...
FX:SPX500 Entering overbought, looking left we can see huge period of 4days testing the rsi @ 80 before it print us a decent correction. So, this is the one of the worst scenario that we can have here, the other one, is a rally ignoring all the thought and also previous high and eventually all time highs :)... The good news, a completed Bearish Shark at 161%...
TVC:SPX The S&P 500 composite index reached 2129.79 today, just a point away from its all time high at 2130.82. This should provide a good place to short the S&P, because: Fundamentally: the outlook for the US economy is strong, with good job growth - however , the Federal Reserve should now look to increase interest rates slowly, which should gradually...
Maybe you are thinking that I am a crazy trader, but the exhaustion pattern has been confirmed the last week and now we could be having a pullback to obtain a great R/R ratio. Use the one hour chart to optimize the entry.
FX:SPX500 Safe Trades;
Looking to short anywhere above 2100. TP 1 - 2000 TP 2 - 1890 TP 3 - 1810 If it breaks lower support then I wish you all good luck in the crash and I hope you held some short from the top.
FX:SPX500 Just a cleaner chart than previous. ;)
The following are catalysts to drive increased volatility to support my potential case of a right shoulder before breaking down back to 1800's. VIX megaphone breakout Fed FOMC meeting today 06 / 15 / 206 Potential Brexit on 6/23 - 6/24 World Market Selloff (Especially the nasty bear wedge break in Deutsche Bank and new NIK225 lows) Bitcoin Ramp US news of...
Profit taken. Can enter new short position around 2105.2 Target 2098.4 for this short.
Respect to Ralph Nelson Elliott !
as you can see below 8/12 months of the time the JPY is heavily negatively correlated with the spx, normally between 80-90%, there also is a pattern, that the JPY/SPX stayd negatively correlated for 8 months before turning positively correlated for about 4 months, this cycle continues unbroken below.. as we can see by the red correlation being above 0, The...
INDEX:SPX Note that the Shark can complete between the 161% extension @2121.9$ and the 224% @2159.2$. ;) Safe Trades;
Bearish divergence in RSI and MACD....
SPX500 mid to longterm SHORT bearish Cypher, longterm resistance In my scenario the SP500 and markets im general might shoot their last fireworks to have a final champagne party on Mario Draghi and the ECB 0% interest rate medication. However the longterm resistance line from May 2015 high is coming southwards, looking to meet our curve around 2080 levels...
Head and shoulders pattern with potential target around 1600.
The spx500 hit 2074 i guess it will have a a small up then drop to fibo 0.618 target which is 2012.5 . But i will close at 2032 .
Maybe I'm a little bit too early, but let's trade first and think later..
As we can see we have downtrend channel resistance just above the price and demand zone just below the price, going long from this point wont be that good trade.