tradewatcher2020

tradewatcher2020

Inverse head and shoulders signals conclusion of down trend. Place your buy orders now with a stop at 330. Going up, up and away.

tradewatcher2020

The red monthly candle was about a 30 percent retracement of a move up from March 23, 2020 at a low of about 212 to early September 358 price point that I see as one leg up. September 2020 candle has a long wick about half way or so back up the candle. Buyers are stepping in. This move up will continue higher for next few months forming a second leg up before...

tradewatcher2020 Updated 

A bearish engulfing candle is being created this month. Wait till end of month for confirmation. If this fails we could go higher and break the 358 level. That said, the fall is here and coronavirus cases are rising my outlook is bearish.

tradewatcher2020

SPY going higher from here to around 356 / 357 level before reversing down mid September 2020.

tradewatcher2020

Bearish engulfing candle with higher volume on weekly chart. SPY going down for next 2 weeks.

tradewatcher2020

10K resistance level holding, going down

tradewatcher2020

SPY at 78.6% fib level, wedge formation to downside