Possible inverted cup and handle formation.
It's the last week of the year and it looks like the market will be making a move here soon. Price is in an uptrend but consolidating inside a wedge pattern. This means price is building energy and ready to make a move to the upside or downside. Since it's difficult to predict, I would wait on the sideline until confirmation. The trend is your friend until the...
Friday was the quarterly event known as quadruple witching where S&P 500 (SPY - Get Rating) futures, options on those futures, options on individual equities, and single stock futures all expire. In the past, these ‘witching’ days have been characterized by above-average trading volume and increased volatility. But, in the current environment, those are relative...
The best Buy pattern will be if the price will show a pullback and false breakout of the All-time high level. We can't know how long this rising will continue but the entry point will be with low risk and huge potential profit. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
That historical level is a psychological level too. The price rose up dramatically and it will be a correction movement soon. Be ready to catch the opportunity!) Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
Some description: A) A break below is a short term sell signal targeting 3032/30 - 3025, perhaps as far as 3015. The first resistance is at 3100but shorts need stops above 3120. B) A break above the 3156 high this week targets 3160 and 3185, perhaps as far as 3200. Good luck trading!
The ultimate oscilator (By Larry Williams) shows me a slightly bearish hidden divergence at the 1H and we end the week bellow the clossest equilibrium point between 2869 - 2875 (1H + 4H Kumo's). I put an area line to watch the lower lows price more closely with the vertical lines but the clear thing is, the bulls never break the 2869 - 2875 to the upside. Finally...
As Benjamin Graham says: History repeats itself.. What goes up, must fall. Already in the 1970s he knew it from the centuries-old market history, had and still has the right (00-02, 08, and many others before). Second half of 2018 is not healthy correction for me. Most of big players are overpriced (for me). Another big correction is needed and will come,...
Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging...
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
Map these Elliot Wave points and combine with Fib Retracement / Fib Trend Retracement. You will find text-book hits on text-book fib levels. I cleaned all of this away for a better final movement view, which is: A retracement towards 0.618, but fundamentals might shake things up! Down it goes nontheless.
Here is a scenario for a 50%-61.8% retracement for SPY, up above $282, before continuing it's sell off. Looking to the left, there was a very similar structure in late February into early March. You can see how the peaks are quite identical, and on the low following the last peak, there was a retracement between 50%-61.8%... and also to the area of the 100MA....
Indicators are pointing to over bought, expecting to see a retrancement to the 275 area \
We will go all the way down to the trendline around 274, i think it will not going to break the trendline unless the tade war get worst. #futuresalerts #usbinaryopsignals #waltervera
The S&P Index looks to be in a Wave 5 up. Wave 3 was quite strong, and wave 4 retrace was weak. So I think we will reach for the next .618 around 2810 soon. But it is probably TOO LATE TO BUY. The best time to buy was at bottom of recent consolidation....
This is the IVOO ETF, but looks very similar to SPY. The question is which way does it break. For reference ("gee that looks almost... wow that's like identical") Check it. stockcharts.com