TradingSig

SPX 500 Index, Daily Chart Analysis August 11

TVC:SPX   S&P 500 Index
Technical Analysis and Outlook
S&P500 closed lower on August 9, and by doing so, stayed above reversed Mean Sup 2914. The steady to higher mode clears the stage for the advancement of the designated Sixth Path Stage One, while established Key Res 3026 lays above along with Inner Index Rally 3040 projection. To continue the rest of the story, see 'Market Insight & Commentary August 11, 2019 page, at TradingSig_dot_com.
Nice work! Where do you see the Russell 2000 over the next month or so?
Thank you. Enjoy reading your posts.
Robert
Reply
@rk4k, Hello Robert,
Thank you for your kind words. Your question: Where do you see the Russell 2000 over the next month or so? 

Candidly, I have no idea, in this time and age, there are too many wild cards out there. Whoever thought in this age of madness that we are living in, we will have zero interest rates, Quantitative Easing, so many sanctions...

However, let us direct our energies on the things that we know and can control and predict.
1. Direction of trend
2. Symmetry outcomes (Rallies, Dips)
3. Support / Resistance
4. What we buy
5. How much of it
6. At what price

Keep in mind that the price action reflects people behavior, news stories, and their knowledge about the future. The fact remains that the world doesn't move the way we choose it to, and it's definitely in the best of our interest to accept this truth, as soon as possible, and focus on price action 'Present Moment' - whatever it is: minute, hour, day, week...
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