Trade-Farmer

Trade-Farmer Updated 

We now have a H & S pattern complete on daily SPX . Price closing below neckline could prove to be a nice short trade down to at least 4373.21 area. Traders choice if they want to see if neckline gets tested over next couple days or just jump in,in case price keeps going down. Risk tolerance and position size would dictate that. It's a wait and see what happens...

Trade-Farmer Updated 

Spx now showing signs of a bearish structure in the 15m and 1h charts. Too early to tell for sure market movement but I am posting a very possible path price may take into next week. We trade what we see not what we hear! The play is short within the small megaphone pattern. Anything pushing to the outside of this structure cancels out the position. More on...

Trade-Farmer Updated 

Do we have a island top formation on the 4hr? Seems to look that way and if we break below the 4385.05 area then you can put some money on that we head down to the next support area I marked on the chart. More on this as she plays out. Best of luck in all your trades.

Trade-Farmer Updated 

Two sides to every coin and two sides to every trader's opinion and position. Are you on the right side? Depends on your time frame. If you want to look into the future the only crystal ball a trader has is the bigger TF charts. What can you see on a monthly of SPX? I will tell you what I see. I see a inverted head and shoulders pattern and that usually means ,up...

Trade-Farmer Updated 

SPX is taking a turn. We should see a break to downside to at least the support area I plotted on the 4hr chart. I will keep you posted as to how this price action plays out. Keep your eyes on the daily and 4hr for better clarity. Best of luck in all your trades.

Trade-Farmer Updated 

Upon inspection of the SPX daily chart we can visualize the possible formation of a H & S pattern in the working. Using various S & R areas and a snapshot of the left side on daily, we draw out a possible path - pattern scenario. If this scenario plays out we would have a nice short play to bet on. Until this fully forms I would think we can expect more chop on...

Trade-Farmer

Today was a great day if you were a bear. Not so if you were a bull. Zooming in on the 4hr chart in after hours we have a candle or bar closing near the middle. This indicates indecision or buyers coming in with large enough orders to stop the selling and prop up price. To me we could have some wide price swings in both directions as this battle plays out. Be...

Trade-Farmer

Back in the trenches goes the price of SPX! We slid under the daily trendline and one step closer to what some people call "DOOM". Well, anything can happen because it's a market driven first by human nature and second humans with $$$. What we want to do is try and predict the next move this big money will do next. How? By watching some stooge on market news...

Trade-Farmer

SPX daily chart could be forming a bullish flag formation. Price could also just jump over 3712 then make an attempt at breaking the trendline around 3748 area. It's a wait and see at the moment. On the bull side of things price could break the trendline and test 3900 area, retreat and test 3748 area for support. If she holds then I'm pretty sure we fly up and...

Trade-Farmer

While some traders feel the SPX is just going to trade straight down I have some news for you. It's going to chop up the inexperienced trader into little pieces. I thought I would send out a quick chart and note of a warning to expect large swings in both directions from now and into October. Remember bear markets do not just go straight down. Please trade with...

Trade-Farmer

Will we see a bounce here and a attempt to reach the 3900 area in SPX? Trendline sits at that area and it is very likely we see price test that area likely beginning tomorrow. Failure to penetrate and stay above that area warrants a drop below the June low.