as you can see below 8/12 months of the time the JPY is heavily negatively correlated with the spx, normally between 80-90%, there also is a pattern, that the JPY/SPX stayd negatively correlated for 8 months before turning positively correlated for about 4 months, this cycle continues unbroken below.. as we can see by the red correlation being above 0, The...
INDEX:SPX Note that the Shark can complete between the 161% extension @2121.9$ and the 224% @2159.2$. ;) Safe Trades;
Bearish divergence in RSI and MACD....
SPX500 mid to longterm SHORT bearish Cypher, longterm resistance In my scenario the SP500 and markets im general might shoot their last fireworks to have a final champagne party on Mario Draghi and the ECB 0% interest rate medication. However the longterm resistance line from May 2015 high is coming southwards, looking to meet our curve around 2080 levels...
Head and shoulders pattern with potential target around 1600.
The spx500 hit 2074 i guess it will have a a small up then drop to fibo 0.618 target which is 2012.5 . But i will close at 2032 .
Maybe I'm a little bit too early, but let's trade first and think later..
As we can see we have downtrend channel resistance just above the price and demand zone just below the price, going long from this point wont be that good trade.
Perphaps it is the last time to add some puts tomorrow before next week.. or not time will tell. Another chart I made pointing at the same pivot point: imagizer.imageshack.us
SPX500 - Bias short below 2137 handle. Retail traders still holding long positions at 1.7:1 ratio, indicating downside continuation risk still outweighs upside risk. This week looking to short risk if market bounces to any resistance level up to 2137 as long as retail trader sentiment still remains to long side along with 8/21 EMAs below upper trend line...