spx is almost on the resistence so MAYBE today it could just rich the max again , FOR LONG TERM TRADERS it's long for , mid term traders => short IT'S A quite complicated situation btw
Trade closed: target reached
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we got 2745 ... now we could go near 2626 and bounce back , the euro zone is going to have problems with German geopolitical crisis , so ... i see that spx is going to have more troubles. Nikkei is going to fall and it's doing right now i guess the spx will do the same
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pay attention to a possible divergence on rsi ....
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well now it's the 2800 retest
first scenario : BE CAREFUL WE ARE retesting 2800 it could go down at 2740~ or even worse 2636. The other scenario is : keep 2800 and it goes higher
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now the scenario was the second one , now we are near the max .... volume is down , not good , rsi is lower that before , not good , stoc idem i guess
@AlexanderSobolev22, nobody knows the future , you have to buy if keeps 2800 and short it if 2800 breaks it , we are at resistance, and we are retesting it so ... what i believe it's more probable it's that we will se a down moviment.
samtrade12
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ok here we are .... if do not breaks 2800 and ritests it closing above 2800 we could see a huge correction down.
TrendLINEBoys
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Actually haven't looked at the S&P until now.... It looks just like the DJI. Thats pretty insane. Based on other stuff going on, I'd think a bounce back up and final resistance at 2753. It looks really bad from the perspective that the 200MA was almost near the .75 as resistance and now if the .75 is used as resistance, the price of the S&P is wayyy under it and might now find resistance under the 200MA and then move downward.
I just made this in 2 seconds, so its not too advanced.
samtrade12
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@TrendLINEBoys, well spx it's better that dj dude so got that got them all btw it's a bad situation... :/ so the stocks will do the same.