It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely. I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
Short with tight stop at 2051. 1st target for taking profit at around 1940.
This is for my frd in Canada. He want me to do forecast on S&P. So yeah , hope this assumption will help him.
Looking closely this in the coming next weeks.
Just thought I'd post this to see what you guys think, I think we should see this finalize in the 2040 area, with the highest potential of 2050 as a massive short squeeze . . . share your thoughts and charts, happy trading!
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here. For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
AUDCAD after a "Special Cycle" surprised us with one more push up. As price now broke the bottom TL look for a retest of the TL in order to sell. Sell Rallies. Target T1 38.2 FR @ 0.9878 T2 50 FR @ 0.9825
SP500 a possible third jump downward facing an important area resistensia observed, this could be reflected in two ways: 1) a strong and solid down, jump or 2) a strong break to the upside. undoubtedly an important point.
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The $SPX index is clearly still in the bullish trend holding in the last two weeks passing the 61.8 fibo level, a breakthrough over the critical 2000 level will be a mayor signal for the market in my opinion.
After an expanding A-B-C Flat, we are now in our c-wave up which should fall inside the target zone somewhere. More info at www.lifestyletrading101.com
The S&P 500 has recently been stuck between 2100 and 1830, approximately. The median 1990 level has served as a key support/resistance level. Due to the long-term analysis I did, I think the S&P will soon break the 1830 level.
The S&P 500 is getting quite close to the 50 MA, which has previously been an indicator of a recession. The closest major support level is around 1550, so that's where I think we're off to in the near future
propably head and shoulder on SP500. neck line on 1945.
Long for the next two month... then, sell in may e go away.
$SPX500 showing a potential H&S pattern which was broken to the upside. Try to get in at a pull-back. The surprising BoJ stimulus attempt could create some bullish momentum and hopefully mean an end of the recent bearish market. If shit hits the fan and all the QE-programs / low Interest Rates rate stimulus doesn't show any effect leave the sinking boat. But...
Long SP500 and other instruments to see a bounce from current levels after today's price action. Longer term, there could be problems and we could see further moves below 1800.