THe S&P 500 reached it's bullish target at the 2000-2020 area (around 200-day MA on the daily chart) with a solid W-shaped recovery not unlike the one experienced on Q32015. There are a couple of technicals that I'm using as a rationale to open short positions from current levels: 1. Lower lows on Jan-Feb, 2. RSI about to hit Overbought on the Daily chart. 3....
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!
This is a short term look at what is happening, longer term I see potential for 1600 but I will look at that in another chart.
SPX overthrew the top TL before reversing and also back-tested that TL before heading lower again (highlighted on the chart). Right now, SPX is testing the lower TL and it is critical to watch the reaction here. Normally, after an overthrow and back-test one would be tempted to go all out bearish, but this market has proved with the current rally off the lows...
Traders, by and large, are like kids in the back seat of the car on a lengthy trip shouting, "Are we there yet? Are we there yet? Are we there yet?" ("Is this the top? "Is this the top? Is this the top?). As a generally nondirectional trader who sells premium, the particular direction an instrument is going is not of great interest to me the vast majority of...
It looks like the market chose the most confusing structure to confuse everyone looking for a turn and convince them that it will never come. Right now it looks like a possible ending diagonal, so there might be a bit more to go (although the 5 can undershoot or overshoot), but basically the 5 can end any time from now up until the upper pink TL. The green line...
Counting waves down into 1890 and then rally afterwards. More info at www.LifeStyleTrading101.com
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
I'm bearish on the monthly unless we have a miracle on SPX500 We've had 5 bounces of this key support line, I view it like ice on a pond. Every rally after it is shorter lived and weaker since the 2nd bounce If we retest this support area I think could be the final straw that breaks the ponds back
Expect reaction from 1900 handled on SPX, should provide a much needed pullback in gold
Acompanhe o gráfico, valores utilizados com projeção de fibonacci.
Shorter Time Frame - up into .382: www.facebook.com
Bounce off support (pore upside potential): www.facebook.com
At local support... One more break, and we going to test low www.facebook.com
Minor resistance held and now the August lows must hold otherwise we will have a date with the 3700 area. We are shorting all pops until last weeks highs get taken out. REMEMBER NON TRIGGER - NO TRADE!
Bullish shorter term frame - up to 50% retracement: www.facebook.com