ChartArt
Long

China and Oil bottomed. Let the March 2016 rally begin!

FX:SPX500   S&P 500 index of US listed shares
576 2 10
9 months ago
The S&P 500             has created a nice launch pad for a very strong rally in March.

China bottomed (1), Oil             double bottomed (2) and on the S&P 500             daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators.

Entry: Below 1940 (current close around 1930-1935)
1. Target: 1970
2. Target: 2014
3. Target: 2060
Stop loss: 1880

(1)
Chinese stock market support levels are near


(2)
Maximum bear scenario for Crude Oil until 2017 is $25 per barrel
8 months ago
Comment: 26 days later the S&P 500 has rallied strongly and approached closely to my resistance of 2059 points with a potential trend reversal after the terror attacks in Brussels today (March 22).

I noticed a bearish divergence on the MACD in comparison to the rally:
snapshot
coondawg71 PRO
9 months ago
Agreed, I think the market forces have manually put in a bottom as the signs are starting to appear, hence the Fed being so stubborn with the rate hike theme.

P.S. Holy Vortex! I used to use that tool a lot way back, nice use!
Reply
zhaokedahuaidan
9 months ago
agreed.
Reply
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