On this cold wintry night in North East USA, I trek through the wet snow, and down the rock wall through the rabies ridden ravine of plastic and brush, close to the steaming waters of the Passaic River.. ONLY THERE is where I gathered my supplies for the future eyes. A nuclear salamander, a deformed frog, a defective exhaust pipe, a bit of river pool slime.....
Hello Traders, Here is 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" the economy the government first cut dollar ties to gold. Then in 1971 the dollar...
The ES Daily time frame is at the top of resistance. The market is starting to break the counter trend line bearish. If the market closes below the counter trend line. I am expecting a +600 tick bearish move towards support.
The ES Daily time frame his hitting a level of U-turn that has U-turned the market 13 out of the last 14 times it hit its angle. If the market U-turns as expected, the market should fall bearish towards the up support level about +600 ticks away.
I think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will...
The ES Daily time frame his hitting a level of U-turn that has U-turned the market 13 out of the last 14 times it hit its angle. If the market U-turns as expected, the market should fall bearish towards the up support level about +600 ticks away.
SP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets. Entry: 2881 SL: 2719 TP-1: 3089 TP-2: 3219 R/R: 2.09 Please let me know if you have any suggestions or...
Looking for a breakout of this rising wedge to new ALL TIME HIGHS. My target is 3,300 or close to it then going to close my position or keep a tight stop. Do all time highs in the S and P make sense with the Global slow down, manufacturing recession, Dow Transport crashing, isolationism around the globe, China economy slowing.... no, but greedy investors are...
We are right at a level here, which is the log .618 of the local range and also the neckline of that previous broadening formation that can be indicative of a major top. I think this will be the level to break and close to potentially take out the ATH in the coming days/weeks. The current daily, if it were to close as is, would look like a bearish hanging man but...
One of the best ways to outperform the market is to buy the S&P 500 (SPY) or a leveraged S&P 500 index fund (UPRO) and simply hold it for the long term. However, the price at which you enter such a buy-and-hold trade is extremely important. If you get a price that's 50% cheaper, you'll make 100% more money over the lifetime of the investment, because you'll have...
Last post: See link below. Review: Price was trading above previous resistance now turned support. Update: Price is currently losing momentum as it approaches the next area of resistance. Conclusion: Time will tell what price chooses to do next, but we are still patiently waiting for a breakout of resistance. Any comments or questions, do not hesitate to leave...
The ES is at the back side of the old up trend line. I am looking for signs of a bearish push towards the south. This should cause a bearish trend reversal off the smaller time frames.
The S&P 500 E-Mini Futures one hour time frame is in sideways movement. I am waiting for the market to hit the top of the range price point 2940.00 from there I will look for counter trend line breaks bearish towards support price point 2830 about +440 Ticks away or $5,500.00 of potential opportunity for every one e-mini contract.
Short in this area or when ES reaches 2925 area. This bounce is out of fizz. Should pull back before another advance.
This bounce is about out of fizz. Short at 2925ish. Tight stops.
The S&P is now continuously making all time high in its freshest burst of price discovery. This is more of a speculative trading pattern, a rising wedge which indicates there could a break down to 2950, and maybe down to 2750 support. However, in strong markets, what tends to happen is price breaks out upwards out of a rising wedge. This would indicate serious...
Welcome! Today we'll have a look at an interesting development in the S&P500, as well as look back at some past history making events. First up, I'm not predicting anything. I'm not in the business of predictions because it's a fools errand. I trade what happens, and until something happens all of this is academic. However, I am in the business of making money,...