chartwatchers
Long

S&P 500 - Key reversal from 50 EMA

FX:SPX500   S&P 500 index of US listed shares
1376 15 34
6 months ago
We are printing a big reversal today. Not just a bullish pin bar , but a key reversal candlestick also.
So I'M quite sure that we printed the DCL last week.

We are running to new highs. This a low risk entry:
SL : 2034
TP : above the 2015 May high (2160-2170)

I would open only a partial position as tomorrow we might come back to 2055. I would add the other half of the position there. If price running away tomorrow without the 2055 pullback I woud add the other half at the break of 2084.
6 months ago
Comment: We broke above yesterday's high a few minutes ago.
All the swing traders will be on the long side again from today.
snapshot
6 months ago
Comment: Looking forward to see a green candle today.
SPX500 is in a bottoming process now.
6 months ago
Comment: Don't touch the position. The US Govt will save the market....
They were preparing for this. They will pull up by the close.
6 months ago
Comment: Though we stopped out I see a reversal here so I will reenter into this position.
We tagged the 200 EMA and bouncing from there.
It's simply too late in the daily cycle to print a lower low.
Going long again before the close.
6 months ago
Comment: It seems we bottomed finally yesterday...
We have a swing again ( price went above yesterday's high) We have the swing traders on our side now.
We just need the purple trendline to break and the techical traders will be with us.
It was a good decision to reenter yesterday...
snapshot
xiiimik
6 months ago
Just an idea. ETFs based on IWM (Russel 2000) might be better opportunity to go long. I expect small cap to rise more if SP500 will do so.
Will you buy Eminis or ETFs?
Reply
FakuFerrari
6 months ago
snapshot

It is Downtrend , I do not do that.
do not scare me! : D
Reply
BartekAnisko FakuFerrari
6 months ago
hawkish FOMC and a June rate hike more likely which spells the end of free money, both Soros and Icahn bearish on the market, Goldmans recommending cash, risks in China. Equities bearish. Waiting for break below 2035. I am bearish too
Reply
chartwatchers PRO BartekAnisko
6 months ago
Soros missed the oil rally. I called the bottom in February..
I didn't hear Soros was buying gold this January. I was.
Now Goldman and Soros is buying gold and gold miners. I'm short in both till the end of June and going long from July-August.
I doubt they will be right regarding the S&P but even if they are it's 2:1 for me at the first half of this year.
Soros, Icahn, GS will never ever tell in the news what is the exact position. They are too big for that.
Soros's gold position will be good in 3 years term, also Goldman S&P short in 4 years term.
Reply
EnzoCaluzzi chartwatchers
6 months ago
scusi chart la traduzione non e' chiara :lei dice soros lungo oro per 3 anni e goldman breve s&p per 4 anni ?
anche lei concorda con questa ipotesi
grazie
Reply
BartekAnisko chartwatchers
6 months ago
fair enough. will be watching your charts closely then! thanks
Reply
tradeBob1
6 months ago
How is this trade working out for you?
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chartwatchers PRO tradeBob1
6 months ago
It's in a bottoming process. We will break to the upside this week.
Reply
bahmamadou chartwatchers
6 months ago
Sir, It seems that your predictions are slowly going to be true. Thank you!
Reply
webmiztriz PRO
6 months ago
you are so smart... thank you SO much for posting. I am learning SOOO much from you. :o)
+3 Reply
dizel100
6 months ago
Thanks for the support! I keep buying. You have a very interesting approach! Thanks for sharing your experience!!!
Reply
nexuz
6 months ago
Same thoughts - went long at 2024. In daily im seeing a slight bullish divergence (rsi6) - would bei nice if somebody could cross check
Reply
kizly
6 months ago
Thnks, you have halped me in my dilema - closed my short with solid profit.
Reply
Domsn
6 months ago
What will be the first target?
Reply
chartwatchers PRO Domsn
6 months ago
The all time highs.
Reply
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