001011001010001110110
Long

38 fibo retracement just to go longer.

FX:SPX500   S&P 500 index of US listed shares
952 18 8
Comment: What happens if the market becomes imbalanced??Trend changes.With tons of bears trapped.Who pay the move since the economy is down? Bears margin calls.Bears magin calls are moving the market now.
Comment: What happens if the market becomes imbalanced??Trend changes.With tons of bears trapped.Who pay the move since the economy is down? Bears margin calls.Bears margin calls are moving the market now.
Comment: We closed a heavy day, we tested our yesterday broken level.Very important that the yesterday breakout was strong and fast .No real rezistence at that level.I consider today just another deep to be bought & hold day .I bought after a big drop to the 1886 level(our prices are 3 points higher)where i suddenly closed all my shorts.We are also suported by 2 weekly green candles+ big Wicks on last two monthly candles.We closed above all pivots Monthly @1926, weekly @1904,daily @1940.Today's drop also suported by 23 fibo level.
What happens if the market becomes imbalanced??Trend changes.With tons of bears trapped.Who pay the move since the economy is down? Bears margin calls.Bears magin calls are moving the market now.
Reply
Lumiere Obscure 001011001010001110110
Yea, am thinking maybe this is what that's fueling the rise. As long we get enough retails stopped out, the party goes on? Yet doubt that we will make ATH before the drop comes but just nice to convert bears into bulls.
Reply
sellers waiting at 1961-1965
Reply
Let them wait, is more sellers frenesia that fuelling this strong up move :))
Reply
Reekardo 001011001010001110110
gdp will give buyers another opportunity tomorrow and monday in high 1920's. if we don't hold 1920 on tuesday, then we may double down into october - 1650 downside. buyers too comfortable here.
Reply
When this will happen i'll be shorter then you :)))
Reply
Just dont feel safe shorting when UJ is not even 115 (min 38.2% fib RT). She may rebound up nasty if BOJ does something. Also, oil will decouple from SP temporarily since correlation peaked. take note.
Reply
How are you playing the economic data tomm morning? Do you see any balance shifts happening, or do you see the trend as bullish in the near term?
Reply
I'm only trading near term pure money movements.If there is any trend weakening i will know before it hapens.I'm not Nostradamus ,i'm a guy who use the brain to not be catched on the wrong side.Floor from water didn't worked on me.
Reply
rippy83 001011001010001110110
Thanks for your input Alex. Sorry I am new to this, but how do you capture near term pure money movements? Are you simply looking at accumulation?
Reply
Wow i just noticed this picture has discussions under it. Feels good to be here. BTW, many gurus and analysts saying we will drop big Friday or next 2 weeks. Makes me think maybe we will drop after ECB, BOJ and FOMC. When the bears been weeded off...
Reply
Hi All, Joined in from investing.com thanks to Alex :)
Reply
Hello alex, followed you from investing.com as well.
I like your analysis they seem pretty profitable.
Will be following you as your shadow
Waiting for your next move.
Thank you
Reply
If we jumped in at 1960, what do u suggest as a SL and TP Alex?
Reply
Morning Alex, are we heading to 2000 today?
Reply
wow after changing computer i cant find the chat link. tradingview.com chat seems to be bugged (for free users at least). hopefully any big updates will be posted here on your page. thanks
Reply
Alex, where the support to buy for another rally?
Reply
We closed a heavy day, we tested our yesterday broken level.Very important that the yesterday breakout was strong and fast .No real rezistence at that level.I consider today just another deep to be bought & hold day .I bought after a big drop to the 1886 level(our prices are 3 points higher)where i suddenly closed all my shorts.We are also suported by 2 weekly green candles+ big Wicks on last two monthly candles.We closed above all pivots Monthly @1926, weekly @1904,daily @1940.Today's drop also suported by 23 fibo level.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out