Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
So far as OIL is being under 40 $, I dont see much of an upside. I've been waiting for some magical spike on OIL to boost the markets. . If magic happens and we get it to the 40's , then we may start thinking about going into the new highs.
The market has already calibrated mostly for the declining oil price. Energy sector not so big either in the S&P0.00% , accounting for 6,5% of the stocks . Stoch indicates oversold on daily chart . Marked has also re calibrated after the first initial rate hike and upcoming hikes is expected. Dollar might stay flat and rate hikes prolonged to avoid drop in oil...
Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...
Menu for Christmas: - FED offers a rate hike; - Santa Claus offers a little triangle.
SPY is going down from here it seems. Resistance from all time highs. MACD crossover It tested the longterm trendline yesterday. Open 208,07 Stoploss 214 Target 200 Read more at
Making some little adjustments and imagining a little bit further. Well, so far so good as what my plan is concerned, let's see if it keeps that way (which I hope not, but I'm afraid it will).
Extremely oversold the market today. Im going Long on ES and SPY Potential Opportunities on Further Pullbacks
Just lowering a degree on the waves since 27 July.
Updating my last count with some more lower degree labeling. The red ascending trend line has not been broken yet (need a confirmation), and, although the HA candle kept being black, it made a higher high, so if price keeps rising and makes a white candle... Yesterday's rise seems to me as having a corrective structure, more precisely a C=2xA zigzag, so I'm...
1. Bat Pattern completed on 3-Nov, Went Down After that but again bounced back. 2. Bearish Divergence in Daily, Weekly and Monthly Charts. 3. FED meeting in December, Consumer Confidence & GDP Data on 24-Nov Employment on 4 Dec, Stocks tend to fall 20 days Prior to FED meeting (Just an Observation). Scenario 1 - S&P will hit 20 Degree Slope @ 2100 and...
According to our monthly analysis, on weekly time frame SPX, the price reached a strong resistance area, from here, we can expect a potential pullback around 2,010 area. MONTHLY ANALYSIS =========================== We appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part...
It looks like spx is putting in a flat. I expect more downside to complete the c of that flat, before rallying into the final wave 5 of 5.