In this idea, I'm simply taking a look at the S&P 500 verses the actual stocks that make up the S&P 500 by using their 200d and 50d averages. This can be useful as an indicator to look for divergences, early warning signs, or confirmational trend changes.
Top pane = SPX stocks above their 200 day moving average
Middle pane = SPX stocks above their 50 day moving...
Hi All, my main 3 take-outs from this analysis are the following:
1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 4,700
2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 4,550, with a movement that might bring to the formation of a...
Big week ahead in terms of tapering updates. We are very bullish coming into the week for the following reasons:
1. The market has been made aware of Powell's true stance on inflation since he told everyone "we need to let go of the word transitory." We did sell off soon after to 4500 as the market received the news, but since then, everyone has had time to...
I expect a retest of prior support on the spuz for the Asia/Euro session overnight, prior to an early morning rally to the value area with overshoot prior to consolidation through the middle part of the week ahead.
NASDAQ has broken the Daily EMA21 and played out the Bearish Divergence on the Weekly (Test of the EMA21 )
No with this pullback we could say that if the Daily EMA21 breaks again, probably it'll test the 10800 Zone & if break EMA21 Weekly again in the coming weeks.
But until that Nasdaq is bullish and maintaining the weekly uptrend.
It could make a...
I am getting very good results with this new template I made. My main method that I use is a bit too overwhelming for most people to cope with so, I am trying this much simpler template that I made. We are just looking at E-mini and oil. Going great so far.
Bear Flag are Ranges that are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
Will SPX 0.618 bounce after filling the huge double gap?!
That is a trade that I would make!
Clear 12345 impulse just happened, way too many people are currently longing 0.618 resistance, be smarter than the crowd, wait for the retrace!...
this is the prediction of how index futures may go for next week starting 11 May 2020
as you can see there are perfect elliot impulse wave (12345) then correction wave ( ABC )
we are going to phase C this week
so be prepare (to short trade?) !!!
ES topped out near the 62% retracement of the big drop, which also formed a bearish divergence on Stochastics. The break below the 10-day moving average has now closed below it 2 times in a row. Below 2717.25, the late April low, would boost the chance of a return back to the March lows. A trend signal on ADX would signal strong momentum. 90-day RSI failing to get...
The S&P futures, after having broken down out of the bearish rising wedge the other day, went up and almost perfectly tagged the bottom of the wedge towards the close of the cash market today. We're getting close to a complete breakdown.