timwest
Short

S&P500 FUTURES - Analysis of the current downtrend

CME:SP1!   S&P 500 Futures
611 8 14
Downside targets are measurable to 1920:

Using the Time At Mode Technique: There are 16-days of time (since the peak) at the 2014 area. Measure the high-low range and box it in and count the number of days that touch the mode. Project that box down from the mode. (See the green box - target 1920). This analysis depends on the S&P             moving away from the 2014 level and staying under 2014 all day.

I added some volume profile analysis to show another technique where you can look at a balance of volume and where the market would need to go to create a balance across the current downtrend.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
look at the T-notes pulling back
+1 Reply
tompower LEONES
yes I'm not going to get rich on this chart anyway it is a ping pong effect right now, I have no idea which way it's going.
+1 Reply
bull for me Tim!
+1 Reply
I don't usually see you doing short term index coverage :) nice to see time at mode in action again. It seems many have a bearish bias. SP500 did bounce of an 200MA after a 3rd test of support line.
Reply
The "mode" there at 2016 is holding... so the market is just chopping around until it breaks one way or the other.
Reply
2014 with 16 days.
Reply
Thanks 2use. I do use "time at mode" for all kinds of short term trading (even intraday setups)
Reply
2use timwest
I had an impression it works better on larger pictures,isn't it so?
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out