Hey tradomaniacs,
welcome to another outlook of the S&P500!
Tuff times and volatile markets are giving Swingtraders hard times to trade the market.
On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-)
The S&P500 as the "world index" should be on your watchlist to observe the market carefully!
Will we crash? Or can we stay above the panic-zone?
SPX500 is currently dancing between 2.600 and 2.800 since 03. October!
With two rallys after the the Sell-Off the market was trying to get above the 2.800 but coouldn`t make it.
Every rally has got totally invalidated by the market due to uncertainity driven by news over news.
The MAC-D is showing us a "Bullish divergence", creating higher lows, while SPX lows are going sideways!
Overall we have seen more bearish commitment, it seems the market wants to safe profits as fast as possible.
The political situation is cooling down and relationship between China and teh USA seems to be headed in the right direction.
If cruide oil climbs, we could see more optimism and at least another try to break through 2.800!
Cann we holf 61,8% retracement and 2.600? We will see! :-)
I wish you a great start into the new week!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
-----------------------------------------------------------------------------------------------
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
welcome to another outlook of the S&P500!
Tuff times and volatile markets are giving Swingtraders hard times to trade the market.
On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-)
The S&P500 as the "world index" should be on your watchlist to observe the market carefully!
Will we crash? Or can we stay above the panic-zone?
SPX500 is currently dancing between 2.600 and 2.800 since 03. October!
With two rallys after the the Sell-Off the market was trying to get above the 2.800 but coouldn`t make it.
Every rally has got totally invalidated by the market due to uncertainity driven by news over news.
The MAC-D is showing us a "Bullish divergence", creating higher lows, while SPX lows are going sideways!
Overall we have seen more bearish commitment, it seems the market wants to safe profits as fast as possible.
The political situation is cooling down and relationship between China and teh USA seems to be headed in the right direction.
If cruide oil climbs, we could see more optimism and at least another try to break through 2.800!
Cann we holf 61,8% retracement and 2.600? We will see! :-)
I wish you a great start into the new week!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
-----------------------------------------------------------------------------------------------
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)