Wave 4 correction appears to be complete. Got a little help from Todd Gordon, Elliott wave analyst/trader. Check him out!
What Happened since 10/10 30% channel bounce rejection, 5 T period entered 2.6k on the first day of prediction window 1 year significant down break Ask/Bid 2.33/1 What's next amplifying solid red bars x 3+ short upon bounce
Here we can see similar patterns on a pull back coming. One seems to lead to an inverse head and shoulders and the other shows a further drop. Time shall tell but as previously posted I am short.
Looking to have found a possible bottom or top depending on how you view this. SDS looks to capatilize on a bearish market. Seems a safe hedge given current S&P conditions.
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
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...
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.
Weekly update on the major US equity markets using the S&P500 futures index. Stay tuned! There should be more to come Disclaimer: 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...
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 at 2945. 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! Chart 10:10 Bst 05:10 Est September...
So many AB=CD this week. Enjoy
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
S&P 500 is at major resistance level. Stochastic is overbought. Opportunity to short
hi :) This is Allaboutforex. 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. (Trend) Buying trend (Sub...
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...
Markets SP1! have been headed higher for a long time. It may be time for a healthy correction. If this continues, an AB=CD style retrace out of a bear flag could happen. Be prepared.