Moving to cash or shorting the markets here would seem to be a better trade on a risk basis than holding long positions here.
Short S&P500 AB=CD BEARISH GARTLEY + Downtrendline
We are currently at the top of a triangle which should in turn mean that in the next 4 hours the "current" shouls start reversing until the sp reaches 2133, in which case I think it can easily break the diagnal support.
Right shoulder completion expected at 2124.8
1 Tip: Sell high buy low. Don't buy and sell high ;) Good luck all!
First time consecutive inside weeks were made since February 2008
Wait for the FED and their statement. Depending on which way the breakout would happen go with this direction. Buy Scenario: Stop loss – below the last low to be created. Target 1 – Last highs around 2186.50. Target 2 – Keep it open until bearish divergence starts to develop. Sell Scenario Stop loss - above the last high to be created. Target 1 - Last...
ENTER TRADE JUST BELOW THE 2125 PRICE LEVEL (1.618). STOP LOSS JUST ABOVE 2129 PRICE LEVEL. PROFIT TARGET 2109 PRICE LEVEL. STOCHASTIC IS BEGINNING ITS FALL FROM THE 80 LEVEL.
I d like to see constructional comments from bulls. Thanks.
Hi Traders, Today is the first day of the month September. August closed higher than July, the trend on the long term is still positive. Since 12 July the SP500 moved between 2193 and 2147 . Slightly higher / more side ways. Despite the trend on the long term is positive I suspect the SP500 is ready for a correction this month. The candles shows some...
The S&P 500 index is breaking all time highs every week. However, it looks set for a fall. Fundamental: The US economy is strong. NFP was healthy, and whilst GDP missed on expectations, the FOMC's last statement was hawkish. In the medium term, the Federal Reserve should raise interest rates, which should put pressure on the global stock market. Technical: ...