I should of pay attention to this chart more, perfect hit of the 61.8 on this low, has more room to go compare to the SPX This can spike down on Monday and reverse into the opening, so a crazy double reversal Tuesday is very possible!
Primary Chart: SPX Head and Shoulders Pattern with Neckline Resistance and Fibonacci Supports SPX formed a Head and Shoulders pattern (H&S) on the daily and intraday charts over the past month. A H&S pattern is actually invalid until it's confirmed with a breakout below the neckline, drawn in dark blue on the primary chart above. In addition, because many...
I see lots of posts about bullish RSI divergence and yet the MACD does not verify the bullish divergence. If the support line breaks look out below. Is it really worth going long to 4120?
DYX just took the high of September 2002 and it looks like an SFP. this level is lining up with the 0.78 fib level. I am not saying that it will immediately reverse now and goes down but there is the possibility and we should look at that. I don't actually short DYX right now because of the fundamentals and positive data that comes out of the American market but...
If the S&P 500 can get above 3966 on the ES then the 4000 area on the day is my upper target. Do not think this is a likely break but just in case. For teh short side looking a using the overnight low as support.
This is an update to my recent posting of S&P direction for the near & longer term. I was in the camp that thought we were due for a large correction into the abyss of sub 3500 levels in the SPX. Am I bullish? Am I Bearish? My answer? ..... Both...depending on the week :) What changed? The recent advance off the June lows has brought us past levels that make...
The 4 hour stochastic is at 0 again, greed trade is obviously down. Bounce in the morning, question is if it sustains.
Looking over 20+ years back. Pretty self explanatory.
Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.
Had a bearish daily bias to start the day. Stops were taking after an aggressive move up, very bearish move. Waited for a break in market structure and entered at a fair value gap on 1m chart. Could have held for longer but lows were being respected previously so we had to be careful for any smart money going long. Profits taken.
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 8.76 ✨ It means if you risk here 100$ you may make 514$ Not bad, huh?
What a mess, a very violent and choppy mess of a Market. Let's see if they can recapture the 377... It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross being a 199/377 2X affair. The Range continues to expand - from 388 to 404s For the ES - 3910 to 4120. NQ - 12070 to 12714/12818 ________________________________________________ The week is young,...
ES has formed this very nice bullish flag structure A breakout will come from this tight range and it will most likely be to the upside This is a bullflag An alternate view of this, yet quite similar is below
I wont rule out a gap down tomorrow into the support cluster zone of 3910-50SPX. ES has a small H&S pattern, visible on 5 min and bigger ISH, visible here. Im not going to fight it when it breaks in either direction. The cycle window for the low is today, it can stretch into tomorrow with lower lows being bought in am and rally all day. This is my best guess for...
I'm looking at XHB weekly timeframe and comparing 2006-2009 US housing market with current situation. On 17 July 2006 XHB bounced 38% then dumped and lost previous swing low/ key support /28-30$ level/ on 23 July 2007/371 days/. When XHB lost key support SPX made first top and second top was 3 months later with bearish divergence, after which S&P dumped 57% and...
I really want to see a low made pre-market and reverse into the open, that would be very bullish! 4160-75 is the main resistance one and one more to follow at 4200, that should cap any move up. Going to buy longs tonight and exit ES short around 4k, if we get there. I will be shorting that move up from 4160-70 and then 4200 for a move down to 3920-50. Im...
This weekend I wanted to exam the topping process of previous markets that had expansive down draws to see if any of them resembled or was similar to today. The only topping process that is following the same visual set-up on the Quarterly timeframe is 1973. Of note: The two Quarterly spikes above the red dotted line produced what some traders might call a...
Looks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.