Kumowizard
Short

SP500 - Sht happens on weekly. And this will smell worse

FX:SPX500   S&P 500 index of US listed shares
471 2 11
Broken. Watch for fibo levels only where and when to cover shorts (no longs at all!)
Simple advise: don't try to buy the fckn dip any more as any dip may fck you back badly if you stay long!

Volatility to stay high, sharp moves ahead, like it's already happening today. This can end up in a total krach.

1970-2000 is now strong bearish support. millions are waiting to get out as high as possible, so mkt is likely to stay under heavy selling pressure with no real liquidity until further measures announced by policy makers. But who knows when do they announce any measures? At 1700, 1600 or only below 1400?

1830 was initially bought only, because there was the 2014 October low. However as you see, right now there is no support there at all, like list time! The picture is different.

Look for selling opportunities only. The break on weekly is obvious. Even if it moves back to/above 2000, I doubt it could be sustainable.

Stay with price action, don't listen to news and talking heads. Follow the chart, and the chart says it is NOT BULLISH any more!
Some consolidation of general risk off is not impossible. In terms of SP500 it means the index may retest 1970-2000 bearish support, but there the market will probably face new selling pressure again. My feeling is that within few months the index will target 1600 +/- area.
Reply
Same opinion...heading down.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out