Price has dropped as predicted along the pink median line fork after a spike above. Look for price to continue eventually to the middle pink median line. We should have a brief retracement here up to test the sliding parallel as marked this resistance band should be strong enough to hold for a little while before continuing down.
Turns out my first analysis of GNTX wasn't wrong... it was just part of a bigger plan.
Im Still bullish on the stock, HOWEVER, I am bullish for reasons NOT explained prior to their earnings.
Fundamentally their earnings report wasn't bad, it just missed the EPS analysist mark by 1 cent....sending GNTX down to what turns out to be a HUGE magnet level. If I...
Whether to support or oppose Trump, there is no doubt his actions at least in the short term are inflationary but as Health Care, Tax Reform, and Trade face increased scrutiny in the political sphere the risk associated to these events may not be fully priced into the markets putting the President in a time out as far as markets are concerned.
To read more or...
Dow and S&P 500 Super-long-term: How much longer longer, how much farther? Let the past be your guide. Apart from your dog it's the best friend you've got. The trick is to realise it. Chart is a bit of a mess so will upload a second without the BS
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't...
S and P 500: Some seasonal facts to help you decide on likely S and P direction from here over the Summer:
S and P 500 Highs and Lows since 2011
28.4.11 5.8.11 and 28.9.11
27.4.12 31.5.12 and 9.11.12
21.5.13 20.6.13 and 27.8.13 and 9.10.13
no May peak 6.8.14 and 15.10.14
18.5 15 20.8.15 and 28.9.15
S and P is closed in London but the Dow is showing 30 points up whilst Dax is another 138 points higher at 12850. Nasdaq showing just 5 points up but no S and P trading. Nasdaq and Dow are still cheap..right here, right now. Why not make some money whilst you sleep tonight? Dow good for 21380, next chart - check IG index website for prices.
Price has come to rest on the sliding parallel here near 2350 again bouncing up. Look to see if we can continue to the upside from here. If we break below 2350, 2300 is the next area to consider as support.
I copied and pasted the exact same trendlines to form the 3 upward channels that the SPY has created since 2009.
I put all this effort and time into the day to day, week to week price action analysis, but it's really just this simple.
WAIT FOR THE BIG DIPS WITH HUGE VOLUME AND BUY THEM OVER AND OVER AND OVER!