Another day of earnings and uncertainty. Nasdaq made higher highs after earnings reports after market close. Dow lost some of the gains made on Tuesday. This has left S&P a bit flustered. There is no clear directional bias on intra-day. Overnight price action, particularly during London, held in a very narrow range. Maybe those in the know, know something retail...
Could be totally wrong here but to me it seems like the SP500 is shaping up with an ending diagonal formation to end a massive run since 2009. You could also count it as An ABCDE triangle wave IV and now a new impulse wave 5 starting, but the end result is the same; a jaw dropping end to a multi decade bull run. If this is correct, we will see the most severe...
July has been a good month for U.S. equities, featuring bull runs in both the DJIA and the S&P 500. A simple look at the September E-mini S&P 500 futures daily chart illustrates this point. If we see some weakness in the S&Ps as the trading week develops, then a long from the 38% Fibonacci retracement of the current daily wave may come into play. As long as the...
Watch for break and close below the median line on the 4-hour chart for the S&P500. Potential drop-off could follow...
Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and...
today, looking at 2047 as the point buyers must get serious, and if they do will look for 2052 and 2056, failing buyers showing up and sellers continue to take over then will look for 2035, 2025, 2015. i think we open with a pop up and then see continued down, this is my first idea and will be monitoring 2047 for that short possibility as you notice these post...
Bounce off support (pore upside potential): www.facebook.com
SPX made 50% retracement (based on this move), one more break will lead to 1850
Euro hit 50% level, where it bounced from. Short will come if/when we see that level is broken. Then, and only then - sell short to .618 Video with explanations: www.youtube.com
Support has broken - Bearish. Targets by arrows. Watch video for details: www.youtube.com