S&P 500 index is approaching reversal level perhaps around 3500 level. The expected sharp reversal may take the Index to as low as 1800 area as shown.
The market close on Friday with a big uncertainty. we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely. I think it is gonna be an impulsive wave as the characteristic shows. in that case we will have a WXYXZ correction and probably this will be the last correction. we should...
Guy, We are still in the down trend wave count You should not consider buying until the triangle is invalidated It will be a big risk to buy before the invalidation of the bearish count. I have shown the invalidation level
3300 level so key here from a technical and psychological point of view for me its very simple if we're trading above this level I will be looking for buy opportunities on a break below I will flip short and look for sell opps..... August/September & leading up to elections should be very interesting in the markets Trade Safe
For those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces. Risk-off sensitive. Manage exposure accordingly.
I would like to know your opinion about this count! I think this is what is gonna happen My prediction is manly based on RSI and Bearish Elliot wave count
Many people asked me what will happen if the invalidation level gets broken! 3 thing might happen next week: 1- the invalidation level never gets hit and we will have a crazy down trend (left chart) 2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up...
this is the last bearish model we can consider for now. if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
well it crashed earlier than what I expected The setup is clearly explained on the chart I will keep you update here if anything changes
Everything is going as predicted so far Time to setup a short position. I am gonna sell when we "break" the confirmation level. *break means you see a read candle that breaks the level and at least 50% of it crosses the candle. ** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS...
the price move exactly as predicted yesterday :) DON'T rush to sell. we need to see the sell confirmation
S&P500 looks nice. After a successful retest of 3200, it continues to rise. And with all this Fed stimulus I think it aimed at 3370 and will get there. If we get a wick into 3220 - 3250 area (link on 30 Jan 2020) it would be a great entry point. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never...
Just sharing my view, not a trading call. The Gap will Close (or not) GL
I was bluish on the market and I was thinking that we are having a 1-2-1-2 now it seems that we are having the last leg 5 as an ending diagonal . both models are still valid until one gets invalidated I need more confirmation to decide
Pre London ... 50 pip risk for 50/100/open profit targets (3215/3220/open) invalid below 3205 as at that point I'd expect a run on the 3200 buyers stop losses Trade Safe
S&P 500 (SPX), daily timeframe: Resistance zone + Dragonfly doji + Side of Bollinger bands + Divergence
Invalid below 3115 Trade Safe