Here you can see 3 yellow lines I was going to enter at 07:15gmt but it flushed down within 3 mins didnt open my MT4 qucik enough if it brakes my 2nd yellow line Iit could be another sell.
ANZ's Business Outlook Survey shows the results of a monthly survey including hundreds of businesses nationwide. ANZ Business Outlook analyses where...
Thoughts on the S&P500
Looking at the Daily chart here it seems it went for a pull back and now it looking like it has hit the sellers "trap" (Order block) it looks like it has been rejecting today.. BUT if it goes past this it could hit the uptrend trendline and start building back....
DONALD TRUMP since he has became President gone up more than 50% now this...
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
A one time investment for 11 years of (on average 14%)
-This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash)
-Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom...
Whilst I enjoy analysing the ES, I only day-trade the ES and never hold overnight positions. For situations where I swing trade, I prefer to use the SPY. Not enough time to go into why as I am just about to head out to run some errands. However, the analysis and framework of price is the same.
In future posts, I intend to show you at least one simple way I look...
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
Back in October 2018 I shared a chart for SPX mentioning that it would crash, the signals were pretty straight forward and I was surprised to see how easy it is to predict movements of these conventional assets.
The crash followed as predicted. You can see it here:
Now, I am...