My bias with the NASDAQ is similar to the S&P, with all time highs played as resistance; the market may sell off. This could be the turning point for a Bear's market, or a minor pull back for new ATH's.
The S&P 500 has been doing exceptionally well in Q1, even with false unemployment rates and FOMC news. However, the Index has fallen ever since reaching a new peak, but there's new signals that tells us this may just be a minor pullback and there is new all time highs to be made.
Gold has been trading tight for some time now. I believe a break out is on its way, and with market speculation I think price may get more expensive in the near future, Commodities tend to do well when Fiats aren't keeping up to par.
Gold's consistently making lower highs, price seems to waver around this new level of resistance.
The chart can describe itself. However, the head-and-shoulders formation was not built off of this 4H time frame you see before you now. I used the 'Daily' chart to make it, and the 4H matches up perfectly.
Head & Shoulders formation off of the 'daily' time frame. Using a 4H to execute.
I see a possible wedge coming, price may break out to the down side.
Looking for long positions currently, this is my idea.
Looking for a long position to present itself.
I'm shorting off of the head and shoulders formations, with some Bear-ish sell signals. :D
Shorting the S&P off of the head and shoulders formation, with some Bear-ish signals to help identify sell signals.
I'm simply shorting the S&P off of the head and shoulders formation before price meets some level of support.
Price is trading higher after coming close to some support, and daily trend. In addition to the zone, I got my reversal signal. It's highly likely that price my retreat from resistance once more, forming what we like to call a "Head and Shoulders" formation. I went long making an entry on a 4HR time frame. Good luck
Strong uptrend, price is reaching a wedge, there's a possible breakout going to occur.