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skrotkalle
Mar 5, 2017 11:11 AM

HIDDEN BULL 2h dvg could bring higher SPX. Long

S&P 500 index of US listed sharesFXCM

Description

StoppLoss 2374.... weakness under that level, could be a bad sign. Will do another rethink of the bull/bear situation then, maybe with some updates here....
Will Ichimoku cloud support SPX at this price too ? Pivot 2384 could be some resistance....?
Nothing is obvious in this situation, but I put the Hidden Bull dvg to do its job untill bear take over.

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60min chart....

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30min chart....

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I did miss one small thing here, didn't look at 15min, before price dropped down under "stopploss"-level now.... and in 15min it's obvious BEAR DVG, that cause this drop... so now, I will wait it out, untill more sign come during night next 6-8 hours.

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Trade active

15min chart.... Possible 2370 could be a level to watch, if it holds for upside now ? BULL dvg at this position now.....

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60min chart.... BULL DVG at 2370 today, buysignal....

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30min chart.... it goes deeper and deeper >> bottom in green up-channel, but still it's BULL DVG in a down-wedge... so we do have faith untill it breaks down...

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30min chart..... If 2366 doesn't hold now, then this bull-case looking bad :D
Double HIDDEN BULL dvg + BULL dvg right after, should make some upside...
I'm no expert on harmonics, so I did just made it like this, w some fib-levels 1,6xx >> = 2388

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30min chart.... do have another SPX-chart too, with other tools and formation on. Bull dvg in MOM and MACD.... and eyeing up maybe 2384 here.... ?

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SPX had to take out 2365 today.... strange thing w those gap's.... Bull dvg is still in place..... long wick too ?

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Order cancelled

Trade active

BULL dvg in all 3 indicators 30min.... up....

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Looking for 2378-ish, in first .... fib.ext 1,618

Trade closed: target reached

BEAR DVG building here now.... so I don't chase after those 2 extra points....

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Yea, it did then reach my fib-level 1,618 high 2379 .... now , maybe 10 points down 2365 ?

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30min... interesting channels..... is in between, in "no-ones-land"..... wich way/channel shall SPX take now... ? has been down at 2366,5....

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chart above : watching how this PIVOT / 2363-level playing out coming hours...

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HIDDEN BULL DVG 30min , seems like, soo far..... 2370 now, maybe another buy on a pullback >> 2366 ?

Comments
fatboy007
We should see a trend change come April in S&P 500 Cash Index so pay attention to events ahead.
IsraelOntanilla
Good analysis.What is your configuration in ichimoku friend?
skrotkalle
@IsraelOntanilla, tnx.... 9, 26, 52, 26.... I think it's a standard setup. I haven't tried any other set's earlier...
IsraelOntanilla
@skrotkalle, Thanks friend
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