You could say we got the S&P 500 (SPX) charts completely wrong, or you could say we saw this one coming, that is completely up to you, you can check our previous analysis here:
In the analysis above, you can see that we mention the price moving to the all-time high before dropping...
Last post: April 3rd 2019. See chart.
Review: Price had continued to move higher.
Update: Price has broken out again on a gap up suggesting further strength to the upside.
Conclusion: Price is approaching the previous ATH. A break and close above this major resistant will suggest a continuation of the bull trend.
Any comments or questions, do not hesitate...
Hello, I am new to publishing but have been trading for a while. I plan to post a few trades a month which usually run for 3-6weeks (if they're winners). Its worth noting my stop is a mental stop but I use strict risk management (1.5%). I will comment when I have closed the trade. Also, I do not use any indicators and only trade US Stocks.
KO managed to close sustain above the 200 days average for the 3rd trading day.
We could potentially see prices rally and retests either of the 3 green targets, as long as prices able to sustain above this crucial average.
However, a close below the red support line will cancel out this uptrend analysis.
prices can break above RM2.35. If buyers done that, the bullish flag pattern is valid and we could potentially see prices trend towards either of the 2 green targets.
a close below the red trendline will negate this uptrend analysis.
I will make it really simple for us (me and you) right now. Here is how this works... But wait, make sure to hit like before we get started... Ok, thanks a lot for the support, let's continue!
We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past.
Looking at this moving...
Price recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
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The S&P 500 Index has been a bit hard to read for beginners as the charts are giving bearish signals yet it continued to move up and break above certain strong resistance levels. As for The Dow Jones Industrial Average Index (DJI), this one is telling us a different story, this chart is much easier to read.
When you look at the chart, you can clearly see lower...
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On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more...