as we predict on friday, sp500 will hold this + trend in 2021, so advice stand on buy side :looking for buy in deep,dont pick sellsignals (if pick,put sl on high,never remove it) sp500 longterm target is 5000
you must hold buylimit on green arrow(on chart) with sl=10.00 (after open,hold them 20-30 day to new high
note=we dont have any order in this...
backwardation (spread futures price - CFD price) show in futures market we have huge sells , this down backwardation show down trend will continue ,even can crash (sp500,dow,dax break 2 trend line) this is clear sell signal
for next 14 day we advice 99% looking for sell but with low size , SL on day high
red,green arrow on chart=powerfull place for limit order
today sp500 reach fibo 61% , in monday it can little go up at open ,then crash , if you have buy , on monday high close all , in next 10 day sp500-dow-dax will go down
this is powerfull down currection ,dont think like before will back to high soon ,,,, dont inter buy sooner than 3950 , 100% put SL
green arrow = powerfull buy place ( lowest low ...
Upside target is still 4235 as long as 4113 holds. If 4163 fails, next bullish bounce can be seen from 4146 or 4135. Close below 4113 may indicate short term trend change unless we see a quick crash and bounce around 4050. On upside, 4188 is immediate resistance, once overcome can move towards 4235-4240.
on daily,weekly chart ,fibo on corona crash show sp500 buyer target is 5400 !!!!
but for comming weeks with very exclent company earnings ,sp500 new + up trend comming
if you have old sells, must put TP for them on 4100 and buylimit there
Advice= dow dax nasdaq sp500 manner is + up trend ,if they go 100 point down,300 point back to up true?, see...
1H looks to be setting up an IH&S pattern that will break up to ATH's I still think this correction is almost over and we continue higher. Possible correction around 4800
Just re-posting this as my original post 12 hours back is hidden for including my Twitter handle! oops
I trade by identifying spot on daily turning point levels everyday for many instruments, including #SPX. Set price levels near these levels and trade when opportunity comes.
New to #tradingview. Will be providing my intraday levels for some of the instruments...
stratgy = always put buystop on last clear high (15min or 60 min ) sellstop on clear low , stoploss for buystop=last low tp=3*sl
frist try it in demo for 3 week
