Hello Traders! There is the clear and pure waves count on SPY index, which has the strong bullish tendency and support the continue uptrend on E-mini S&P 500 near time. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
SPY S&P500 has a bearish divergence on 4H and Daily chart..Also broke trend line support as well as Fibonacci support. Bearish crossover on RSI. Short before continue to up trend. Please hit "LIKE" to support. Vinny
This is an hourly chart that I Find to be very trendy. The 50% overall angle of attack makes this a measured move and I believe we are forming the head at the moment of a failed cup and handle quite perfectly on a 50 degree angle of attack. The right shoulder should form around 2675 area. Then, continuation of the daily Inverted Cup and Handle.
Triangles aren't supposed to be "official" until there are two rally tops, and two bottoms, if this proves to be the top of the rally top, here's how we look... If not (since next week is the biggest earnings week of the quarter), I added an extended time frame based on the maximum allowed for a successful pattern...
UVXY - which essentially is a short-term VIX futures ETF, looks like wants to cross the 200 day and close above soon. Notes on chart. I'm long this via UVXY 21 calls. Had a run up to 21 today and pulled back. Hopefully next week! Another way to hedge against a falling market.
This long-term monthly chart with the wave count (assuming its accurate) on it suggests we've made our high. A rally over the next few weeks should be viewed as an opportunity to sell at higher prices, and even short outright. I think SPX still needs to flush out again, but we may have our short-term swing low in place. Expecting a retrace of the swing back in the...
This is a trade I entered on Friday as a hedge of my other long swing trades. My hope is that the SPY keeps moving higher stopping me out of this position because that will be most beneficial to my long swing trades.
Upside limited. Looking for short entries at what was lost to get to the lows this week. It must test what the weekly lows gained. Popping to drop again.
Simple pattern that ends up lower. I am already short adding to the short.
Both the horizontal and channel show the same short-term result. But only a break of, say, 2310 would be dangerous.
I posted a similar chart earlier but I guess I'll post it again with a very minor tweak to the top trend line. It's still going down the tubes, I think. Just a lot more gradually than I previously anticipated. Watch your asset allocation and make informed trading decisions. :-)
Short idea on SPY. The price was rejected by resistance at 213.3 multiple times in April-July 2015. It has been on a downtrend since then. SL is above the resistance for security, however this is just according to my strategy, and you should do what you feel is best for you. Target is right above Fibonacci 76.4, however will reevaluate and move SL at each...