Where it going? ES!1 S&P-500 SPY SPX
Possibility #1
- The SP500 would cross:
a) its ma200 weekly,
b) along against a triple resistance,
c) and at the same time, the BB-Band-Hight,
d) and... also thru the neck of the inverse Head and Shoulders pattern.
Then, going to the January 2022 hight at 4800.
Possibility #2
- All these conditions constitute a strong resistance.
Then, the SP500 would regress towards its weekly Ma200, at the 3700 value.
Make your choice, or another option if possible?
- The SP500 would cross:
a) its ma200 weekly,
b) along against a triple resistance,
c) and at the same time, the BB-Band-Hight,
d) and... also thru the neck of the inverse Head and Shoulders pattern.
Then, going to the January 2022 hight at 4800.
Possibility #2
- All these conditions constitute a strong resistance.
Then, the SP500 would regress towards its weekly Ma200, at the 3700 value.
Make your choice, or another option if possible?
Trade active:
The Inverse Head & Shoulders "NECK" has not been crossed up.
So, we cannot yet declare a Long trade, on the weekly chart.
On a daily basis we observe where a Waiting Buy and a Waiting Short have been placed.
So, we cannot yet declare a Long trade, on the weekly chart.
On a daily basis we observe where a Waiting Buy and a Waiting Short have been placed.
Trade active:
Short has beem triggered and we are going down to the 3500 value, unless exceptionnal conditions would occured.
Trade active:
The treen has broken down.
On weekly periods :
On daily periods:
On weekly periods :
Trade active:
Short is ongoing...
THe S&P, after facing the support combined of the Ma100 (blue) and the Ma200 (orange), has rebounded to the Ma18 (red), as suggested before.
The general trend being down, I suggest that the Ma18 combined at the Neck line of the inverse H&S figure should serve as a good resistance, forcing the SP500 to resume its course down.
THe S&P, after facing the support combined of the Ma100 (blue) and the Ma200 (orange), has rebounded to the Ma18 (red), as suggested before.
The general trend being down, I suggest that the Ma18 combined at the Neck line of the inverse H&S figure should serve as a good resistance, forcing the SP500 to resume its course down.
Wyn-Trader
- This week, the neck line was again tested without success, maintaining active our short action
- Many support lines are composing together: the Ma18-21(red), the Ma-100 (blue), the Ma-200 and the Boll-Band-Low (grey); also, we are positionned at a fair volume by price (left, grey); all these combined represent a good support
- The combination of their forces
- But if broken down, the Short would gain more action