I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares ...
Markets still overbought. Lots of uncertainty still looming. Last few days of pumping was probably distribution. Our flagship Apple is crashing, Markets will follow. Based on Fractal analysis, I think we see a double bottom at the minimum from the February Lows.SP:SPX
S&P 500 Update SP1! Chart 12:36 Bst 07:36 Est 22nd September
The S&P has given back 8 or so points from the high reached
ideally it will come back to 2935 around the open and bounce
again from there to give another entry point.
This still looks positive whilst it holds at 2935 and above.
S&P 500 Update SP1! ...
Weekly update on the major US equity markets using the S&P500 futures index.
Stay tuned! There should be more to come
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree ...
On Monday S&P broke the history high once again and today's candle stick broke the previous trendline with a more aggressive hike.
RSI is in uptrend, but its already in the overbrought zone.
MACD is bullish.
I don't want to buy this market, because i think everything are too expensive to buy right now.
I am waiting for a clear signal to short this market.
The current sideways pattern on 4H (ADX neutral = 20.362) is seen two times more in the previous month and always resulted in a bullish spike near 2,790 before declining sharply to or even below 2,650. The critical day is tomorrow. If 2,745 breaks then the pattern should repeat it self backed up by very bullish 1D RSI = 59.474, Highs/Lows = 13.3750, MACD = ...
Fibonacci tells me it would go at least 38% retracement range of 2685..
I think a short trade placed at 2710 with stop loss at 2715 and profit target of 2685 would yield more than 1:4 risk to reward trade..
Disclaimer: this is no recommendation for any trade. I am using it to track my paper trade prediction performance
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By focusing on swing and short-term trading, Ichimoku Cloud which i modified is a safe and profitable deal driven by trend trading.
Ichimoku Cloud has modified the default values to make it easier for me to capture the trend.
Let's start today's technical analysis!
Let's take a look at the chart.
Thought I would move away from Oil for a bit ... but not too far away ...
... (expecting $68 top then reverse. May CL1! rolls this Friday, volume has already moved down 216K last week to Friday on CL2! while OI has increased by about half that. I expect down this week, then up into the new month. So short til Friday on new month. Then open new long on new month ...
Support for S&P 500 Futures was just broken. Aggressive downtrend is expected. Most probably market should open with a gap down tomorrow. This downtrend should take the VIX to new 2018 high.
This would be wrong, if the market turns back and go over the 61.8% Fibonacci retracement at $2745.00.
Is it the beginning of "THE BIG SHORT"?
I am not personally convinced about as if it is going to be a crash but the short seems inevitable in near future as per chart. Let's see...
Disclaimer: This is just a trading analysis and for sure it is not any kind of recommendation of trade.