As I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance.
Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective.
Yesterday's strong bearish engulfing could announce a new local top and lower high in place and...
Quite recently the Fed is adding $300B on it's balance sheet to save the economy from banking crisis. The move is effectively reversing the QT to temporary QE. As a result the amount of money supply circulating on the market is increase as shown on this Index Value Rainbow Indicator. Based on these fact we can expect the S&P500 index price range will be shifted up...
Wow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is...
This naturally rimes with the Nasdaq signals and with the overall global equities outlook.
Here, two opposing forces are the most significant factor;
1) The unfolding (and enduring!) USD strength - Downward pressure ;
2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure .
Driven by the rapidly unraveling ...
Our short term trade paid off nicely even though it took 5 days.
The price headed to our target price of 4,008.
We now need to bank our profits and move on to the next trade.
Now we have a gap that is still to fill and we have orders to still fill on the daily (Fair Value Gap).
But I'll let you know!
Hi Traders,
This is my view for today on ES
In terms of Structures and Technical Analysis, everything is BEARISH, next target is 3838, honestly I don’t think will be touched directly during today’s session. A possible manipulation around 4000 level key zone during US opening could bring market to the target.
Pit, Trading Kitchen
DISCLAIMER:
Trading activity...
This analysis isn't going to be very exciting. I just wanted to share that I think it is likely the SPX has found a bottom.
We're still below resistance, but this is likely going to change soon, especially with the 3rd retest of the zone.
I'm bullish on the stock market.
Hi everybody!
Sometimes it could be useful to look back a bit to have clear in mind where we are and where we want to go. This chart shows the trend of S&P500 since 1800'. Great Depression, Oil Crisis, Tango Bonds,... have always been great opportunities for the market. That said, the market is mainly made up of "emotions" that trigger certain movements, so...
If we try to follow the trend of the Dollar Index and SP500 in the short term, we can see how as the dollar rises there is consequently a decline in the U.S. Index, but this event is not absolute, in fact there are many variables at play. At the moment, however, many of these variables appear to be in favor of this inversely proportional swing, at least in the...
Hello Traders,
Hope you all are doing good!!
I expect US500 to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
This year S&P500 will be going nowhere as it will be traded within a range of around 3400-4000 and probably will end around 3200-3800 by the end of the year. It may test lower point and may touch higher point than the given range, however it won't crash and won't spike either. The reasons for these analysis is based on Index Value Rainbow indicator above. This...
Ten days ago, I wrote about a correction of the SPX back the red support zone. Now the time has come to talk about what could happen next.
The correction didn't happen in the beautiful fashion i had forseen, but this still works. What i expected was a clear zigzag formation within this falling channel, but we broke the support trendline and reached the first real...
Hi guys,
Seems we have a breakout & retest of the weekly 50 MA. If we manage to close above here we should follow thru to the 6000 area in the next months.
Happy hunting !
What's NEXT?
PATIENCE BABY!
If nothing Happens, why would you try to make it Happen!
Let's Concentrate on some NICE plays and TRADE them Well!
No need to OVERTRADE!
if we are in a uptrend with an inverted head and shoulders pattern, we should see a bounce here to continue the uptrend otherwise the symmetrical triangle pattern will be destroyed, BTW there are 2 symmetrical triangles.
It looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days.
From the looks of it, its trying to form a falling channel. The properties of this pattern are:
- Declining parralel support and...
The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
