Is that a Bearish Engulfing pattern we saw today?
XPloRR S&P500 Stock Market Crash Detection Strategy Long-Term Trailing-Stop strategy detecting S&P500 Stock Market Crashes/Corrections and showing Volatility as warning signal for upcoming crashes Detecting or avoiding stock market crashes seems to be the 'Holy Grail' of strategies. Since none of the strategies that I tested can beat the long term Buy&Hold...
Last week there was again some market panic which caused a selloff in stocks. There are a lot of broken charts right now on a lot of different stocks. But fundamentally market is still looking strong. So i'm going to buy the dip. In a few months there is a high chance we are back higher. Time to deploy cash on monday.
The technicals are quite depressing for the SPX. Bear flag is broken. The previous correction easily could be just a dead cat bounce and now go to the deep. Some other assets are also support a bigger downtrend (at least for few months). We will see. What do you think?
Hi Guys im back, I stumbled on to this in the three month chart. A rising Wedge! Resistance line is Confirmed . Support likely to be confirmed. once that red candle meets the support line pattern confirmed
S&P 500 Index SPX The Trump Rollercoaster Ride in 2d - The post-Trump rally in the S&P has been a text-book affair, with 4 clear phases and speeds, like a car going through the gears. First gear is the lower parallel with a direct hit on the day after the election in November 2016. It rallies and then drops in gear/speed, the technical equivalent of...
It looks like first 5 waves down of wave A are over in the upcoming zigzag structure. Next we could see 3 waves up in the countertrend correction, wave B. It could reach between 50% and 78.6% of wave A. Then there is a second leg of 5 waves down of wave C. Let us see how it goes.
Channel Up has broken through the support line at 21-Feb-16:30. Possible bearish price movement forecast for the next 8 hours towards 1102.3175. Supported by RSI above 60
I called for the temporary strength in wave (B) in my earlier post (see related idea). It looks like we are completing it and another drop down is just ahead. Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A. Wave (B) has almost reached the 61.8% of wave (A). The second drop could be even faster as it will be wave (C)....
Not much to say, just sitting back and admiring the rally. Have a great weekend, let's see what next week offers!
Earlier I posted a map with hourly chart with microview. This is to give a bird's eye view. Wave A of 4 could have been finished already. Now wave B to the upside before another drop down, which should break below the trendline support. 50-61.8% retracement area is the final target for this correction I guess.
SandP 500 Index Longer Term Gann Time Cycles Probably the greatest trader who ever lived, WD Gann , taught us to measure time cycles - from high to low and low to high as well as high to high and low to low - and look for potential changes in trend as these hiddden cycles tend to repeat themselves down through time. Previous cycle highs identified the exact...
S&P 500 Index SPX Next Buy and Sell Points Today A poor call on this index yesterday led to the loss of some 12 -15 points as the buy point at 2627 was broken and the stop at 2614 triggered. It wiped out the 6 point win earlier but at least the 60 point win on the short on Moday and the next 60 points or so from the long on Tuesday means the point tally for the...
S&P 500 Potential Buy Set-Ups Clear continuation pattern as it rinses out every stale bull who jumped in at the first big impulse wave upwards and on the wrong side of this now...should make a sweet double bottom or close to - the first long is a speccy buy with stop either under today'slow at 2615 or at lowest under that last low to left of chart at...
S&P 500 Index Update Next buy and Sell Points Yesterday the S&P fell 5 points shy of the next target, busting out the next long as support and stops just under the 2715 break line were hit and so turning a 12 point profit into a 2 or 3 point loss. Not so good. It looks as if it will fall further now to retest 2669 and maybe spike as low as 2661 level but...
S&P 500 Index - Update Next Buy Points A fantastic clean break gave an entry at 2635 and showing about a 60 point profit so far to add to the massive short on this index right down to the lows on Monday. So far this has been the most profitable week for shorts and then longs on the major indexes for over 2 years. We've had the easy part, now it gets a little...
DANIEL BRUNO, CHARTERED MARKET TECHNICIAN. LOOK ME UP ON LINKEDIN LONG RANGE VIEW FROM 2008 WOW, THE S AND Ps REDISCOVERED GRAVITY. MY FIRST LOOK IN A LONG TIME. NOTE THAT CRYPTOS ARE CRASHING TOO, AND THE USD AS WELL FIRST TARGET IS 2/1 ANGLE AROUND 2500 ZONE THEN 2100 ZONE WILL HAVE MORE TO SAY LATER, THIS WILL TAKE SOME TIME.