Target range and channel

S&P 500 index of US listed sharesFXCM

Description

⋅ Feb 11, 2017 2:25 PM

Hi,
There is some room to the upside for SPX500.
Target of the previous range is about 2440.
A channel can be drawn, see chart.

Comment

⋅ Jun 2, 2017 10:27 PM

On monitoring

Comment

⋅ Jul 13, 2017 10:49 AM

Opened short at 2448 SL 2468
H4 Bearish Bat.

Trade closed manually

⋅ Jul 14, 2017 4:48 PM

At 2453

Comments

olegleo

⋅ Jun 11, 2017 4:42 PM

Well done pixi! Bull eye! Now we should have a correction. :)

beepatient

⋅ Feb 12, 2017 4:31 PM

I have same thought as well. Only problem is that if we can see it then everybody can see it! Hope we can see some divergence before not a fast crush like 2008 but slow one for the sake of working ppl.

SeediqBale

⋅ Feb 11, 2017 10:56 PM

I made almost the same assumption 3 months ago. For now is going well. If we don't make some bigger correction around 2400 level then I don't know anymore :)

pixi

⋅ Feb 12, 2017 12:57 PM

@SeediqBale, nice chart !

mmmp12

⋅ Feb 11, 2017 4:42 PM

Ok, so as I thought 2019/20 'big' crash. Would you buy stocks then ? 1600 points in S&P would be awesome, but more likely is this 2000-2200.