chartwatchers
Long

SPX500 - Heading to the cycle top

FX:SPX500   S&P 500 index of US listed shares
1589 13 41
6 months ago
The S&P             couldn' t test back the breakout at 2137$. It's heading to the cycle top and looks unstoppable.
If oil             had bottomed oil             shares will give another push to S&P             .
The 10 EMA is giving support all the way up. It has days to run.
6 months ago
Trade closed manually: I dont like the divergencies on the daily chart (RSI,MACD). Though we broke to higher high my cycle count and 6th sense saying that it's a bull trap kind of breakout. Closing all SPX position. I will post a new chart regarding SPX.
toothless
6 months ago
Thank you!
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Victor.Y.F PRO
6 months ago
Thank you! This is a good sample of correlations are working. Some analysis said the volume was too low to prove it right. Yes it's low but if you look at DAX then you will know why. DAX and SPX500 has an all time correlation so if you buy EURO and invest it to DAX then you buy this one.
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oilyprata
6 months ago
Thank you! :)
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Duke_QXY
6 months ago
THANKS!
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Quant
6 months ago
"Sudden Danger" Confluence of warning candles. Windows provide support levels on the way down. Thanks for sharing.
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Quant Quant
6 months ago
snapshot
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ArtFly
6 months ago
2142
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ArtFly
6 months ago
Is it time to buy if I do not have S & P 500 ?
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koastech
6 months ago
It seems like it may test back the breakout area after all
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SmoothExpectador
6 months ago
Thank you!
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haug01 PRO
6 months ago
Thank you.
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marketpundit
6 months ago
I have,too, closed my SPY position last Friday. Got spooked by those divergences on the daily chart as well. Thank you for the update!
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showerreport
6 months ago
Could you please chart volatility? I think it would be awsome for your follower, as I am, to follow your thought regarding the VIX index?
I´m a complete ignorant in technicall analysis could you explain how do you do your calculations, please?
Thanks in advance!
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