MACD looking to flip. ADX looking to flip. DPO very high. RSI as VPT screaming sell. RSI and RVI screaming sell. SMAs weighing heavy on market and indicating a sell. POC under price and signaling sell. Really hard to make any kind of bull case from technicals here. This is my last rundown on SPX before the creash probably (will start tomorrow and continue...
Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here: www.tradingview.com Wanted to build on that with my own 1W breakdown. As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture. After doing this exercise, I'm even more convinced of the coming June...
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start. Like if you wish to support my work! 10 & 50 moving in parallel about ~7 degrees below the 200. 100 moving ~15 degrees below the 200. POC is converging beautifully...
Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast. Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least. Green lines are support but decent chance it'll...
Bearish Bat Pattern. Parabolic Sar flipped to sell. Fisher Transform indicating sell. Fundamentals - speak for themselves.
Diamond Formation on daily chart, possible huuge drop in coming days
SPX500 SELL LIMIT ENTRY 1 3099 ENTRY 2 3103 SL 3107.79 TP.1 3094 TP.2 3089 TP.3 3083
S&P500 sell Entry 1 3048.50 Entry 2 3051 Sl 3054.79 Tp.1 3043.50 Tp.2 3037 Tp.3 3033.50 Tp.4 3025
S&P500 sell Entry 1 3048.50 Entry 2 3051 Sl 3054.79 Tp.1 3043.50 Tp.2 3037 Tp.3 3033.50 Tp.4 3025
S&P 500 XABCD pattern. Price should reach from ascending trend line to descending trend line. I expect price to reach bottom in the Fall of 2020
Trump wants to win re-election. Trump can’t win if the US economy enters recession. The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is...
SP500 Futures are sitting right on the 50MA at approximately 2862 this morning before the open. Striking similarities with the 2018 fractal. The market topped, paused briefly on the 50MA. Upon breaking the 50MA, the market plummetted nearly 392bps in a single session on a red 5 candle (TD indicator), which is exactly what it's setting up to do now. If the 50MA is...
The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry. When it hits the fan, don't say you weren't warned.