Price and time potential targets for the completion of a double-zigzag.
VIX closed last week on the lowest level since august 2015 – and we all remember what happened then. This, combined with the highest ever level for S&P 500 make me a little cautious in the short term. Move up in S&P 500 looks somewhat tired. I believe market needs some rest and is ready for a small correction. So here is my idea for the trade: buy AMEX:VXX ...
This chart shows the S&P index weighted by the dollar index (DXY). As you can see, it gives us a much clearer picture, and allows us to find better support and resistance levels. Why is that so? One explanation is that it shows us the S&P as viewed from the eyes of the average foreign investor, or from large investment groups which have to take into account...
Shorting at 210* SL 2135 Tg 1800
ABCD down pattern; i could be a more optimistic, but think this target shown at chart above is conservative and safe.
The following are catalysts to drive increased volatility to support my potential case of a right shoulder before breaking down back to 1800's. VIX megaphone breakout Fed FOMC meeting today 06 / 15 / 206 Potential Brexit on 6/23 - 6/24 World Market Selloff (Especially the nasty bear wedge break in Deutsche Bank and new NIK225 lows) Bitcoin Ramp US news of...
Watch the Fibonacci retracement levels on the way down for taking profits.
Since we failed to take out the recent 2150 highs during the last rally a Stage Four Decline looks possible. Historically this would lead to a deeper retracement than stages 1-3 possibly to the 1730 area.
Es is very far away monthly demand zone (1959.25-1794.75) but inside of a weekly supply zone (2105.25-2079.75). However it just created a daily original demand zone at 2091.75-2073.50. In these conditons, we are inside of a weekly zone where previously sellers had their strenght but the daily original demand zone may give us a difficulty going downard. We can...
twitter.com Weekly Bulletin tradewithcan.blogspot.com.tr
H1: We have an H1 original demand zone below (yellow box) 15MIN : There is a 15min original demand zone inside of an H1 zone (green box) TP1: 1:1 R/R Good luck! twitter.com
TP2: closed with profit nice trading today!
TP1 : 1:1 target hit TP2: i will be trailing till the 2nd target above twitter.com
TOP-DOWN ANALYSIS DAILY: W are currently inside of a daily demand and reacting from it H4: We have a h4 supply zone just above us but we havent reached it yet H1: H1 original demand zone has just been created and it is a good opportunity to buy TP1: 1:1 R/R TP2 :Trail your stop till just before the previous resistance high Good luck! twitter.com