FX:SPX500   S&P 500 index of US listed shares
1566 15 44
I'm not short in this one - still holding LABU- just happy because we will get a fantastic buying opportunity next week. I can hear the bears again calling the end of the world.
But it's nothing just a good drop.
I'M not waiting for more than 2 days of drop. So most probably it will be end on Tuesday or Wednesday the latest.
It seems the unlimited buyer is fed up with buying.
So a healthy correction down to the breakout (2113-218) it is also the FIBO 38.2 level of this last daily cycle.

Today we are tagging the FIBO 23.6% level. Check out volume: it's not a breakdown volume . RSI already has hit the DCL levels. So I suggest caution for the shorts. Don't wait for a deep correction.
ELections are close. Stocks market are not crashing 2 months before US elections.
Take profit and run. Or you will get caught in the upside breakout.
bolsistico
3 months ago
nice analysis
Reply
rippy83 PRO
3 months ago
Volume is pretty decent today....
Reply
ice_holly01
3 months ago
I'm still holding LABU as well. Thanks for the chart.
Reply
lbg01 PRO
3 months ago
Hello Arpi, could you please commento on the gold chart?
thanks
Reply
Mitasse
3 months ago
thank you for this analysis arpi
Reply
watsonzou26
3 months ago
Sounds good,master.
Reply
bertcoin PRO
3 months ago
Thanks for this Arpi! A couple of us were just thinking about SPX just before you posted. Glad we're looking at the same things you are!
Reply
ja.piotr.bor
3 months ago
Oil is going to decline for 1-2 days ? Can actually tag again 43$, great opportunity again! Thank god I was late this month.
Reply
RogerS PRO
3 months ago
What if its just 1 day drop and Monday they´ll start creating the steps to the moon ? New week, New Cycle !!
Reply
Agreed this is not a terminal event.
Reply
yordan.georgiev
3 months ago
Keep holding LABU I will keep holdind LABD and YVXY..
Reply
Gold_Bubble
2 months ago
I like to follow you chartwatcher. I can not select. I am new but see already that you will be one of the best mentors. ;-)
Reply
trade2win19
2 months ago
What do you mean by breakdown volume?
Reply
ja.piotr.bor
2 months ago
2100.5 was touched at S&P futures. It was scary...
Reply
ahmetnmsl
2 months ago
There is a HUGE bearish divergence on RSI on monthly chart..
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