The index is trading within a 1D Channel Up that is currently on its Higher Low zone (RSI = 53.748, MACD = 22.840, Highs/Lows = 0.0000). The fundamental environment may be largely negative buy purely from a technical standpoint, the 2,780 - 2,790 is an optimal long opportunity. TP = 2,849.
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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.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump...
Fundamentally the Fed made clear this week that it is as their outlook doesn't include any hikes for 2019.
From a technical perspective we also believe there is a strong possibility to see 3,000 by this summer. We see a similar pattern behavior to those of June/ July 2018, when the index was rejected on the previous Double Top but found the necessary Support to...
short #SP500 at 2835 and take profit around 2800 just 48h before #fomc also i notice many rsi divergence and all this move up is only speculation for me and at a time buyer will take them profit.
also all this move up is only speculation so before an FOMC as market exploited near already all the dovish comment and all thing to have a reason to go up...is...
these levels on the daily chart i have drawn out are levels i have across the dow30/nasdaq/us500 indexes. with price where its at now,
short term income day trades and swing positions are available at these locations.
If we do break higher then i will be bullish till we hit our next supply levels at 2888 area and 2925 area
cheers
a rare confluence of various but precise factors (the list being kept secret) brought me to the conclusion that :
SPX will drop today directly to ~2670 levels
mark my words ^^
should make a lot of damage among bulls on the market but this is at the end of the day the very true purpose of the market : inflict pain ! this is why this move will just simply occur.
much overbought in short time
face biggest resistance
market euphori on shutdown and trade talks but nothing is done,is buy the rumour for now..so investor will surely take some rofit sonnest
the pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short
basic chart reading- good for beginner who ant study this basic chart setup
34 weeks for the double top. Looking for 21 weeks down for current wave completion. Right now, watching to see if a triangle forms before the 5th wave down to 2300, and then a larger 10 week rally goes back to the 2600 area. If the current wave 4 is a zig-zag now and not a triangle, then will re-evaluate.
Since the last update and comparison made on the similarities of S&P's candle sequences between the 2007 and 2018 Death Cross patterns, the index followed exactly the 2007 pattern, as it completed a nearly -15% decline and then rebounded. Based on the 2007 pattern this rebound shouldn't exceed +10% and our estimates put it around 2,575. This can be described as a...
as we get stopped with few profit on the trailing stop in the last trade on sp500
this time he touched deeply the ma50 monthly and is a big big support before end of years after down around 20%
so i expect a more bif rebound and got more profit that your last trade.
i proceed the same : buy at 2325 and make a stop loss when he reach 2350 at my entry point +5 ...
I suggest before xmas and end of the Year to buy the dip around 2400 pts and to take a profit at 2450-65 for now
i think this rebound can be legit due to a big oversold and big support to may the seller will take them gain and a rebound will happens
i try this one with a 1:1 ratio i know is very bad ratio but is like that on a scenario like this
i bought...
The index has been trapped within a large sideways consolidation where the second leg exceeded the former top
and could potentially drop below the former trough as well.
After that I expect the index to resume its way to the upside ti hit 3000+ area.
