Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential. Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower. You can see all the signals and details of this drop before it happened...
Hey! It's time for a brand new S&P500 analysis. S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further. NOTICE: YELLOW LINE : Broken trendline in the middle of the other two. RED LINE : The bottom trendline which is the current support IF S&P500 falls. ...
S&P 500 (SPX) has been maxed out for a while now, and I am quite bearish on this index as you might already know from my previous analyses. The reason I am bearish is because of the signals that I getting from the above chart. So come and read these signals with me, and later share in the comments section and tell me what you think... Let's get started! S&P...
I see a bigger wave one with a long wave 2 correction. According to EW theory there is a rule of alterntion where if you see a long wave then you could expect a faster wave 4 for instance. I think that is what we are seeing here. Everyone is talking about recession 2020. This is what it would look like with a blowoff top close to or at 4000. Then just imagine the...
Overall on week 7 by Heat meter CAD is dominant, JPY was weakest. I will long CADJPY Weekly Reversal exhaustion Dauly Uptrend 4H Range Entry Long 83.153 SL 82.146 TP 86.112 RR 3
Demand is struggling to reach a higher high. Biggest selling volume since May. Targets are AT LEAST 50 - 61,8 - 100
The price action we've seen since October looks a lot like the tech bubble of Y2K. The economy was just a tad more organic back in Y2K so our price action may not have as much drama. Using the first tech bubble as a model, the graph shows what will most likely happen. IF .....it plays out in the same fashion then we have to wait till February before this 'algo...
Lots of sell indicators pointed out. The one positive buy indicator is the Trend Meter. 10 year yields are at a matching point, ready to send yields lower. Yellow trend line is previous support, now resistance.
This is not advice. 2596 maybe 2600 or 2612 tops. Sell Everything. TP 2500 or 2420 MacD and STORSI looking OB Honey. All depends on Piggy Bank's breakfast. We'll see. Good Luck and Goodnight USA
Since the Futures have already broken structure we can assume that we will get that start of some downside movement. Whether we already topped or if we are simply pulling back is a big mystery in my opinion. In fact, trading bounces, are very difficult as there is an inherent lack of information as the movements are so volatile, not leaving as much room for...
Wave 4 correction appears to be complete. Got a little help from Todd Gordon, Elliott wave analyst/trader. Check him out!
BASED ON MY FORECAST THAT THE TOP IS IN JAN AND THAT WE ARE IN A 2 YEAR BEAR FYI ONE DOWN ALREADY MY FRACTAL WORK LOOKS FOR MY CYCLE LOW DUE NOW INTO DEC 18 AS LONG AS 2445 HOLDS I STILL HAVE A SHARP RALLY FYI I WENT LONG SP 2566AND 2547 ADDING 2510 AND 2483 WE SHOULD SEE A SHARP RALLY BACK TO JUST ABOVE 2815 INTO JAN 14 PEAK
Thirsty Bears wait for Zombie Bulls in Bollinger Band MA Gulch. IF the Zombies march North there's not much ahead in the way of the walking dead. But OB MacD on Multiple time frames suggest Bearish reversal in momentum. Entry 2700 ish TP 2666
There's been a lot of FUD going on in the market lately. Multiple days of several hundred point drops will do that. Ignore the FUD, and read the tea leaves. Here's what the charts say to me: SP500 remains in the bull wave channel which began nearly 10 years ago in March 2009. As long as the price remains in this channel, the bull market continues. Red line is...
A lot of money in the market. It's time for a "haircut" Target: 1576 (-43%)
If it stays above 2600 this time next week and some good news comes out we could see new record highs by the end of the year? If bad news is released and midterms go against Trump and the markets starts closing below 2600 we could be in a bear market by December?