thesilverbullet

Super Critical Testing Area

OANDA:SPX500USD   US SPX 500
So many things happening in this area. Our new shorter term downtrend and uptrend are converging.

The blue line is the markets current "trend" and price action has been reverting to this trend for several years.

We also have heavy resistance coming from the top of our long term price channel which we just bounced off of..

It will be very easy to trade this, be patient and go with what the support or follow the domino's.
Comment: We are still holding firm in this area but I dont think it can hold much longer. There is just too much uncertainty plaguing everything. Tomorrow I believe will be the deciding day before we go into FOMC Wednesday. If we hold tomorrow I will looking more to the long side of things the first half of next week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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