In light of pandemic, the SPX Index will fall to levels defined on chart. Recession is now in session. Good Luck.
Ladies and Fellars I try and stay as bullish as possible, but this is probably the most optimistic TA based off the current reality (Even if it doesn't seem optimistic).... The reality is, life is going to get much worse for all of us in the USA before it gets better, any rally before the virus comes runs its course through the USA will be a defeating false hope...
Fed is supporting the stock market as much as possible, in this virus spreading a hard time. I present my 2 possible entry to buy NAS100. Hope things will get better eventually.
With the events that are currently spurring around the world it poses a great question as to whether a bear market is possible to be sparked in this climate. Only time will tell, but the historical trend line on this chart by itself looks plausible... 50%+ declines have been seen numerous times throughout the past 100 years, and as its been a longer than usual...
S&P 500 short opportunity (short-term)
We have broken the 200 day moving average and we are only hearing bad news in the media. I see more downside on Monday, lets hope we can get a reasonable bounce at $2800.
The DJI fell shortly after I called it out. It is acting very closely with the fib retracement. 20k by EOW followed by 18k is near future. Hold tight as there is no clear asset class that is showing to be acting like a safe haven. I wouldn't by shy about buying a little bit of precious metal as well as crypto and diversifying within the market as it is...
We are def. oversold! I'm looking at a upward bounce on Tuesday, hopefully we can break out of the channel and stop this horrible downward momentum. I think we will at the least test the top of the channel, hoping for the best.
It seems that this brutal drop of SandP as found a bottom for a nice bounce, Could this be a buy the dip?
ALL TIME HIGH WAS AT A PROFIT TAKING LEVEL - FIBONACCI EXTENSIONS 1.61 50EMA ON MONTHLY HAS BEEN RESPECTED WILL NOW BE A POINT OF VALUE TO GO LONG. NEVER EVER TRY TO CATCH THE FALLING KNIFE
sp500 closed at resistance level if it break it will have to test another. if market doesn't open with gap it will reverse from here
This post was encouraged because of the Economic Forum being held in Davos, Switzerland. The last 3 years (roughly since mid 2017) contained talk around trade war. This has caused chaos within the markets. We have moved up and down 1000's of points with no specific direction. It seems that September 2019 has shown the true colors of the market sediment. We can...
Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion. In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for...
Well it looks a lot better on the 1 minute chart, but I tell ya... It's fun to watch everytime ol Trump gets up there. This is as I said "Fairly Accurate" The times may be off, but not by much i can guarantee that. Let's Talk about it.
The S&P has entered the danger zone (red box), which is based on the .618-.768 fib extension from the last pullback. Looks like the rising wedge has impulsively been broken. We could see it retest, and reject again, but don't be surprised if we have some red days into the new year. Currently I am long the VIX, and Silver & Gold Miners
Hello Traders, This is the weekly view of my monthly chart. Check Related Ideas below. I want to share my view on the S&P 500 Index. I have shown the monthly chart which goes back to the start of the S&P Index as far as I know. From here I have used Elliot Wave theory to mark primary wave 1/2 around the 1930's crash. After the Great Depression to "stimulate"...
Short term Gold prices will fall going into mid April 2020. After which there will be a strong correction in the stock market as the economy heads into a major recession which will last for 18 months. Capital will seek Gold as a hedge driving up Gold Prices going into mid December 2020. There will be a short 1 month recovery after which the trend will continue...
It's been a while since I shared anything like this... most of the last few things were experimental historical models... This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020... Though I don't have the count posted with it, it is based in Elliott Wave as well... The EW concept here is an...