The question now is if support will hold. If it does, we should see a little bounce from here.
After the corona recovery we topped back out above previous highs with a small shack off on new price discovery. As ridiculous of a move as it was it had back bone and was a pretty consistent or strong growth trend, but that shake out broke trend and the second recovery has failed to make a higher high. So now im purely looking at market structure change and...
First time trying out $mart money concepts with indices!
Long SPX500 @ 3,300; TP @ 3,500, SL your choice
The CBOE Market Volatility index (VIX) rose for the eighth time in nine sessions, and was last up 2.8%. SPY500 SENTIMENT IS PUSHING SPY HIGHER. TREND FOLLOWING IS KEY.. WINNING ATTITUDE...
Clear down channel. Bottom of channel seems like the likely next target.
Here I have used Gann Fan, Fibonacci Retracement, and Harmonic Pattern to forecast Dow Jones. If you like my charts, give likes, share, and subscribe to show love.
Downtrend that started in August is still in place.
SPX500 trade made a great move, hit a couple of loser on the way before the sell took off. Let's see what happens ! BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +2% OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big...
If this down channel is anything to go by then there is some downside risk on the TOP40 Index in coming days, weeks. Trade with caution.
Theres a huge disconnect between the financial economy (stock markets) & the real economy (jobs, GDP etc), this disconnect is apparent throughout the world's major economies. These disconnects cannot exist forever, so eventfully either the stock markets in the world will fall to reflect the major unemployment and real economic problems left by the pandemic OR we...
US500 trade made a great move! Let us know if you're in ! BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +3% OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the...
If the smaller channel break to the upside we could see a 1200pts move to a test of the upper resistance line of the larger channel. Expecting some upside.
Resistance at the top of the channel. If it holds, the chances of more downside within this channel is pretty good. No position. Watching.
Long CADCHF @ 0.6930; TP @ 0.70668, SL your choice
Hi all, For those interested, i display the way i see the daily chart on the DAX. Approaching 21 EMA (green line). Note possible wedge formation (if correct) and possible RSI divergence. Best of luck to all, bazzman78tv 19 September 2020
Long IBEX35 @ 6,939, T: @ 7,077, SL your choice
Nasdaq is building a bear flag. A break of this flag would target 10300 level. Wait for the break. Very volatile environment.