FX:SPX500   S&P 500 index of US listed shares
157 2 5
Much of the recent rally has stemmed from soothing assurances from central banks and short covering.

I suspect most of the shorts were wiped out at 2072 ish             , the highest retracement level during regular trading hours following announcement of the results of the British referendum.

In recent weeks, the market has been using Fib extensions of recent extremes to chart its course. The last high during RTH             was 2113 while the last low was 1992 ( 121 points ) suggesting the market will first target 2141, a 1.23 Fib extension off the recent lows.

Much as in 1957 and 2000 to 2002             , the market has spent over a year attempting to break through 2135. If it breaks through its likely a game changer; if it does not, and it fails ( 2128 ) we should expect a decent retracement to, possibly, 2043.
tradeBob1
5 months ago
Medium-term chart is mostly green. Last 3 candles are big greens. The 3 big red candles (25-27) are post-brexit, self-explanatory Looks like simple portfolio re-balancing, from post-brexit.
They bought stocks, and sold bonds. Thinking a big Green on Tuesday.

What are the three yellow circles on the 20th? Know that's a bear pin-bar. But why 3 circles, not 1 circle? What is the yellow color?
Reply
Quantum_Maryland_Capital tradeBob1
5 months ago
Those are not pin bar markings, simply idea references
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out