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!
Price has gone up to the WL1. Look for possible pullback to 2330 area before going higher. The angle of this move is very high, so look for the trendline to sustain this energy.
SandP is starting to drift lower, watch for levels to break around 210 then look for 2140 to hit the pink median line if new lows are made.
Continued downward movement shows some profit taking in SandP. Look for break of 2150-2153 area then possible fades.
SPX500 TARGET 2100 XAUUSD 1520 TARGET
Price continues downward slant direction, consider a retest and hold of the Gold ML for longs, a retest and drop of white Sliding Parallel for shorts.
As predicted by the downward fork, price dropped significantly on Brexit news. A drop from the high to the lower Median Line has pushed price into high volatility. Look for a drop again at the middle Median Line retest.
X Marks the spot as potential reversal seems near
After Fridays candle close (Bullish engulfing off key support) and heavy rejection on weekly candle. We are set up for a retracement to Supply level highlighted before our next possible move down. Target: 2000 level SL: 1800 level
S&P 500 CME_MINI:ES1! has produced a buy signal after the false break down and subsequent reversal higher. Daily chart shows inside bar false break ( fakey pattern ). Potential buying opportunity on pull back 1900-1915 support area, with initial upside targets to 1940-50 and 1960-80.
With the markets bouncing off its' lows and come roaring back to close the week with a gain, it has left many to wonder if this is 2008 or 2011 playing out. The argument for a continued bull market is that the market did hold the previous support of October's 2014 sell off, and put in a weekly reversal hammer. Also, the market was able to hold its' long term...
I made this chart to have a material which helps me to think about moves and prices. I feel pressure to let prices get cheaper. I am not shure about mid and long-term trend. I use H1 & D time-frame to predict it. This is interesting to see what will happen. I am very curious about next chinese steps. All economics need to show and proves their numbers.