Last post: March 20th 2019. See chart . Review: Price was at a level of support. Update: Price has since bounced off that level of support and continued to move higher. Conclusion: The next major area of resistance is the previous all-time high. If price can break this level then we should see big bullish moves in US stocks. Any comments or questions, do...
It looks like China dumped their bags on the S&P500. It's time to buy the dip!
The market has been roaring up since the december lows. We are nearing huge resistance around $280's. I believe we will surpass resistance only to come back down again and crash. If you like the analysis, please like and comment. Buy long term shorts around $284-$286 SPY. -Shaggad
Got the bounce kind of in no mans, or womans, land. Is it a C or a 3? will have to wait to C...see. Price action channel and an EW channel within to project the 4. Is the scary correction over? We will have to wait and 3...see...dammit.
Aloha, trader! Welcome back to another S&P update. If you've been keeping up with our posts, I noted over the weekend that traders should be watching the S&P 500 index, on the brink of a crash. This week, that crash has been playing out, destroying the 2 month bullish rally we've been seeing. Today was a big day for the index, as it needed to beat possible...
Hi, all. Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the...
Inverse head and shoulders on the making, Buy at the Neck line after the break of the right shoulders.
Update on the S&P after calling for a reversal at the 200 Weekly Moving Average back in December. Now the S&P 500 has exceeded my expectations and broke above prior resistances pretty easily. For the bullish scenario, I would like to see the S&P 500 to maintain support above 2700 and consolidate sideways to then breakout to retest the 2800 level. Any break below...
Volume & RSI is dying, hoping for a new ATH won't get you there. Going short here and holding...
S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (34,5,3) is also approaching resistance where we...
Channel reaching major resistance zone, RSI at one of SPY's highest levels after a single week of massive gains. IG: BULLRINGANALYSIS
S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (34,5,3) is also approaching resistance where we...
Well, I kept hearing about the "end of the cycle" as made famous by Ray Dalio, so I decided to do some measuring on the good old S&P. Could we have hit the top of the market? In measuring the fib targets, I decided to start Wave 1 at the lows of the 1987 crash. That seems to make sense as it's the beginning of the "information age". Also, each Primary Wave would...
I think this rally has surprised everybody, this outlook show a symmetrical balanced view of what could take place in the coming weeks, there is harmony amongst the madness perhaps! I am expecting a rejection around 2750 this is the 200 DMA moving average on the daily chart and correlates with a trendline resistance 'highlighted'....The trigger for the short could...
Bearish divergence on the RSI in 2018 signaled that a correction was due. The S&P 500 ultimately topped out on trendline resistance first established at the peak of 2000. Interestingly the market broke through the uptrend resistance set between the peak of 2007 and January of 2018. That trendline became support until recently. Bearish signs: The S&P now finds...
We have seen the S&P 500 fail to stay above the 100 day EMA repeatedly, now the market has run up 14% since Christmas. While the bottom may be in, in the near term one should expect to see a technical pullback. There is a very large and very ominous wedge encompassing the entire recovery move and the Stochatic RSI has been overbought for four sessions.