The US Economy's 2018 Correction

SP:SPX   S&P 500 Index
Over the past couple months, the US has made consistent new highs over and over. In the past investors have been in pure denial about the possibility of these Indices collapsing (1929) but we're now more knowledgeable to actually understand that bull markets never last forever. This retracment is healthy for the market in my humble opinion, the economy on the other hand may experience slight discomfort (if this correction isn't as big as I think it will be). Since 2014, more than 75 percent of the stock shares traded on United States exchanges (including the New York Stock Exchange and NASDAQ) originate from automated trading system orders. This means that the system will not hesitate to execute a command if it recognizes a pattern. Im sure that number has increased over the years.

This is simply a personal observation. Although it is something I've been watching closely.

The TA above demonstrates H&S patterns that have broken necklines - 38.2 Retracment levels are anticipated.
Comment: --SPX T3: 25,700

--DJI T2: 24,600

--NASDAQ T2:: 6,305

Eyes out for reversals

Market smashed through DJI's Target 2; minutes after posting the target.

Target 3 has been moved to 22,300
Comment: Correct Chart***

How about the SP?
@JackyQZ, Awaiting 25,700
@JackyQZ 2,570*
@EJSM, if there is pull back, where do you think I could set up my short position?
@EJSM, I mean for the SP, and thanks a lot
Hi @EJSM what's the next target of SPX?
@JackyQZ, Generally speaking; 2750 is likely, if the market carries enough momentum to break and close below that level we may see a pull back to 2700. Watch for potential reversal patterns.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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