Next two weeks? Short

FX:SPX500120

S&P 500 index of US listed sharesFXCM

Description

⋅ Jan 23, 2019 9:18 PM

Chart Patterns

Comments

eagle.one

⋅ Jan 25, 2019 9:53 AM

In the begining of the next week, there are trade talks US-China, I don't suspect major correction since then.

JakubKonieczny

⋅ Jan 25, 2019 3:35 PM

@eagLe.one, Fair point!

manifresca

⋅ Jan 25, 2019 4:13 AM

I was thinking the same exact thing yesterday and earlier today. Based on SPX500 chart there was an unusual looking inverse H&S on the 1HR and 4HR. We may possibly have room to the upside. Maybe even hitting the larger structure trend line resistance (2680's/2690's) or much less likely but possible, 200 Day MA (2700+). Who really knows though.

JakubKonieczny

⋅ Jan 25, 2019 4:16 AM

@manifresca, I hear you. Take a look at the last 60 minutes of SPX action - if this isn't the most artificial, machine induced trading....

JakubKonieczny

⋅ Jan 25, 2019 4:16 AM

@JakubKonieczny, OMG LOL if you look at the 1 min chart

manifresca

⋅ Jan 25, 2019 4:23 AM

@JakubKonieczny, haha it looks like a Bitcoin chart.

manifresca

⋅ Jan 25, 2019 4:23 AM

@JakubKonieczny, agree with you 100 on that for sure.

JakubKonieczny

⋅ Jan 25, 2019 4:26 AM

@manifresca, How do you fight something that's pre-programed... wait and see. To your point of who really knows - the programmers do. LOL

manifresca

⋅ Jan 25, 2019 4:24 AM

@JakubKonieczny, agree with you 100 on that for sure.

gvoommen

⋅ Jan 24, 2019 8:50 AM

Excellent technical analysis