FX:SPX500   S&P 500 Index
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... thank you very much!!

I've got it locked in my head the market wants to tag 2177, a target derived from EW math but I did take the trade as I saw VIX spiking and LOTS of selling. I think Draghi's decision to leave asset purchases and interest rates unchanged without offering much guidance disappointed the markets, occasioning VIX to awaken from its slumber and move from 11.8 to 13.0 before a small retreat. Tomorrow will tell us much and in the event we are in for a pullback, the voice inside tells me it will be shallow and likely touch the upper trend line in your first chart. After that, it would be 2131 and 2085. Thanks for sharing your analysis and thinking which I ALWAYS find insightful.
+1 Reply
very good analisys!
+2 Reply
1H TF . we have a nice pin bar. i am now short @ 2174 SL above 2180
+1 Reply
Very good analysis... in the end regression to the mean always wins.
+3 Reply
reversal on 2188 or the psychological 2200 level?
+1 Reply
Hi Kiggan, it is not important the level now, but important is search a reversal pattern on lower time frames... ;)
+2 Reply
Kiggan SignalSwiss
alright! 64 of companies earnings reports are beating expectations. previous record was 63%. fresh new records highs.... incredible... just after this brexit market stork

Appreciate your analysis. cheers
+2 Reply
Kiggan Kiggan
btw, why 2188,2 tho? Fibonacci level? Im quite new to trading so... sorry
+1 Reply
It is true what you say, but there's the catch! the expectations were revised downwards, so it's easier to beat them!
+2 Reply
Kiggan SignalSwiss
yea! but could you explain the 2188,2 target? or am I missing something
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