Having Trouble Picking Winners? Here Is Why: S&P Has Rolling Top

This is an extremely difficult market in which you will find winning stocks.
The-S&P 500 (as measured by-SPY) has gone sideways for 18 months.
You have to be very good to select the end of the draw-down periods and go long in the winners.
The rotation into and out of stock groups has been fast and furious. As for-SPY:
I detect a bearish AB=CD harmonic pattern . This, combined with very negative indicators, are warning signs of a break to the down side.
In all fairness to you, I have been expecting a draw-down for six months, yet we continue to move side-ways.
Let's put it this way, your upside gain is 1% to 2%, down-side 10% +. This is not a good risk/ reward ratio.
Here are ONE DOZEN negatives I see in-SPY, and why I feel this is a sell:
1. Sell Fractal in effect.
2. Alligator jaws NOW OPENED in tandem with sell Fractals. Alligator feeding in new down-trend. THIS IS YOUR DIRECTIONAL COMPASS.
3. Chop indicator (under chart) is ENTERING the shaded area.
4. Forward Ichimoku leading span (lower top indicator) is below the zero line. **
5. 34 day moving average (top indicator)-is bearish .
6. Prices are trading into the Ichimoku Cloud . This is a sell signal.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal.
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
10. The red Ichimoku Cloud conversion line direction is heading lower. This is a sell signal.
11. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal.
12. The CHOP ZONE indicator (under chart) is red, indicating a down trend.

** The lower top indicator is a forward projection as follows: For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.

As I write this the-S&P futures are strong, indicating an up day. But don't be fooled.
I feel we have the setup for an-S&P market decline. To be fore-warned is to be fore-armed.

I hope that all of your trades go well. Don.
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