LastBattle
Short

S&P collapse, round 2!

FX:SPX500   S&P 500 index of US listed shares
Bear market is over after such a massive break of 2015 range? Not yet!

Expect more over the next few days... this leg is incomplete, I expect 5 waves down from here. The market needs to capture a bit more sheeps that are conditioned to 'buy the dip' for the past 7 years to go even further below.


-------------

1857 range should be OK to take some short term profit on the shorts
snapshot
ran some charts back to the 1970's....reveals much..aug sept oct were a drawn out event....some stocks took 10 or more years to recover
+1 Reply
aziz92 Rob Wallace Williams
a year ago
Can you please elaborate more?
Reply
LastBattle Rob Wallace Williams
a year ago
Yeah.... its always august and september that's a time for dumping ;)
but certainly this definitely isn't the dip to buy, unlike last year....
Reply
greenplay LastBattle
a year ago
In your above chart I see a red and orange horizontal line looks like pivots may be at around 2062.2 and 2086 respectively. What is the name if I could find in public library?
Reply
LastBattle greenplay
a year ago
Its pretty much a script I wrote myself based on EMA 30 and SMA 13 on weekly timeframe.
You may have it if you like: http://pastebin.com/hA5r50cA



Credits: CRInvestor for the idea btw..
snapshot
Reply
greenplay LastBattle
a year ago
Thank you very much for the link. Put it on my chart :)
+1 Reply
death cross makes for a slow and jerky killer
+1 Reply
aziz92
a year ago
Agree with you. I think there's at least one more leg down.
+1 Reply
LastBattle
a year ago
Should start accelerating over the next few days... would be great if its on Friday, for a continuation of downtrend throughout the whole of next week
Reply
LastBattle
a year ago
snapshot


Flagging...
Reply
LastBattle
a year ago
snapshot


Alright, the trading range is pretty tight at this point of time. We've a dead cat bounce along the way..
Might happen within this or next week.
Reply
LastBattle
a year ago
snapshot


Hold on tight ;) Shorts are pretty much squeezed out from today's FOMC with FED keeping the zero interest rate policy.
Reply
LastBattle LastBattle
a year ago
Keep holding on to your short. Monday will be a pretty exciting day...
+1 Reply
LastBattle
a year ago
No change after this week's short squeeze rally. Still holding on to short until targets are met. It may squeeze up to 2040, but the general long term direction are still the same.

snapshot


It'll be much harder for NAS100 to move much higher here, relative to S&P/
snapshot
Reply
ChimbOt PRO LastBattle
a year ago
Bulls
Reply
sandeep9598 LastBattle
a year ago
Last Battle, you think market is heading lower as you projected or we are going to kiss 204 resistant on SPY. I am setup for short but scared now. :)
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