Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...
Potential Santa rally Target1: 2104-2110 Target2: 2126-2134
Bullish BAT pattern could complete at significant structure level right in between .382 and .5 fibo retracement of a one-month (October) rally.
1. Bat Pattern completed on 3-Nov, Went Down After that but again bounced back. 2. Bearish Divergence in Daily, Weekly and Monthly Charts. 3. FED meeting in December, Consumer Confidence & GDP Data on 24-Nov Employment on 4 Dec, Stocks tend to fall 20 days Prior to FED meeting (Just an Observation). Scenario 1 - S&P will hit 20 Degree Slope @ 2100 and...
Alright, I don't like to be that guy that always thinks that he's smarted than everyone else and likes to try to predict the next big market downturn. Nor do I like to be that guy that writes the previous sentence to feign humility all the while thinking he's doing God's work (Lloyd Blankfein). That being said, here's a chart with two distinct patterns that...
Potential harmonic pattern(s) to play out for completion of the CD leg. Potential gartley and crab patterns with ideal CD targets as indicated on chart. Just sketching out some ideas.
Potential harmonic pattern(s) to play out for completion of the CD leg. Potential gartley and crab patterns with ideal CD targets as indicated on chart. Just sketching out some ideas.
$SPY average trade size picked up in wks 2 & 3 of February leading to weakening in the S&P 500. Now churning between $213.40 resistance & $207 - 208 support. I would expect much churn back and forth ahead of FED rate (possible tightening) announcements. Likely distribution for many months up here.
$ES_F still above support with churn and holding. Rollover is coming. Pro positioning will be key. #2 Excess supply sig on 2015.02.25. Major macro econ events (FED rates) coming that will affect equities.
Purpose: This strategy is designed to help you to figure out whether you should position your long term investment account aggressively or defensively. For the purposes of this demonstration, I have drawn my Fibonacci Arc from top of the 2000's Tech Bubble to the bottom of the early 2000's Bear market. Steps: 1. Use Monthly Candles 2. Add a 21 month EMA and a 10...
Purpose: This strategy is designed to help you to figure out whether you should position your long term investment account aggressively or defensively. For the purposes of this demonstration, I have drawn my Fibonacci Arc from the bottom after the Tech Bubble pop in 2000 to the peak of the Housing Bubble in 2007. I will post another Chart in which I will draw the...
Currently futures on SP1! Appear to be heading to open lower on 11/10/14. For this chart (SPY) I am using EMA 10 day and EMA 21 Day as a timer. As you can see in this chart, every cross has been reliable. I am using Stoch(52,9,3) as a way to have extra assurance on when to place a trade. The Stochastic cross seem to be happening before EMA crosses. If futures open...