Going short idea. Yeah... picking top here.

FX:SPX500   S&P 500 Index
Go short on turbo purple trendline break . There is nice, evident divergence on momentum indicator (built while RSI was in overbought area). We've got some missed daily and weekly pivots which shall be eventualy hit at some point plus possible evening star candle stick formation on the daily chart . OK, trying to pick a top here but profit potential might be worth taking a risk.

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”

Paul Tudor Jones
Purple trend line broken on data release. Added to short position.
Neck line broken. I'm short. The only problem is this: https://twitter.com/DRodriguezFX/status/476354447539699712/photo/1
+1 Reply
Based on the 15 min. chart I would consider taking short right at current level based on H&S formation
Using the CONSECUTIVE UP DOWN DAYS there has been 13 consecutive up days where the close has closed above the midpoint of the previous candle and 8 days with a higher close. If price pulled back here would not be surprised.
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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