VasilyPonomarev
Short

Expecting the pullback following market harmonics and channel

FX:SPX500   S&P 500 index of US listed shares
837 21 19
snapshot
Comment: Congratulations, we reached the first target
Comment: On our way to the second target
Comment: We are close to the second target
do you know sp500 is so bullish this week?
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why?
+1 Reply
VasilyPonomarev zhaokedahuaidan
cause of the weakening dollar I think!)
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VasilyPonomarev zhaokedahuaidan
but mostly cause of oil
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zhaokedahuaidan VasilyPonomarev
yeah,oil. do you think oil and sp500 need a pull back ? maybe 30 points.
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VasilyPonomarev zhaokedahuaidan
yes, personally, I really want to see a pull back=)
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zhaokedahuaidan VasilyPonomarev
i have short positions. so much...
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VasilyPonomarev zhaokedahuaidan
have you seen this absolute correlation between em
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zhaokedahuaidan VasilyPonomarev
yes.
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zhaokedahuaidan VasilyPonomarev
if sp500 can not close above 2103 today , then i think the pull back will begin .
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snapshot

This is 5 min chart. if it break down the trend line , maybe the pull pack is beginning.
+1 Reply
VasilyPonomarev zhaokedahuaidan
Pull back is coming !:)
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It all depends on ECB. Nobody expected Draghi to do anything this time but he and his people said many times that may go further if EUR is not weakening. If they put on negative interest rates, this will climb. If they don't do anything, this will correct a little bit and then go towards new maximums. This last is a basic scenario IMO
+1 Reply
zhaokedahuaidan captain_smollett
yeah. quite agree with you.
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zhaokedahuaidan captain_smollett
Maybe those buying take profit before FOMC next week.
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captain_smollett PRO zhaokedahuaidan
It is probable, yes. Basically, for me, as soon as we are higher than 2030 and climbing, there is no trend reversal
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zhaokedahuaidan captain_smollett
yes. This is a bullish market. 2030 is good . when ? when ? when ?
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captain_smollett PRO zhaokedahuaidan
Good question....
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my advice to all of you if you are in short move to BE. Don't mess with the trend!
snapshot
+1 Reply
VasilyPonomarev Zohaib_Malik
Thanks for your advise man!
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hmmm public sentiment is heavily NET LONG with Commercials NET Short i think you will pull your T2 with ease
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