EURUSD is supported here intraday and longs will be searching for set ups here
Long term charts for SPY are very bearish. Currently trading at strong support area. Most recent testing of support, SPY fell through support slightly and had a week correction. Much more bearish price action than two previous tests. Now it is quickly testing the support again. Another bearish price action. Bearish price action also on Monthly chart...
Frame your support and resistance. Know the geometry and technical levels that cause a response. Study the chart for "Repeatable Pattern" and exploit your edge.
$SPX500 showing a potential H&S pattern which was broken to the upside. Try to get in at a pull-back. The surprising BoJ stimulus attempt could create some bullish momentum and hopefully mean an end of the recent bearish market. If shit hits the fan and all the QE-programs / low Interest Rates rate stimulus doesn't show any effect leave the sinking boat. But...
SPY SETUP.... WAITING FOR CONFIRMATION......HAS STRUCTURE CHANGED? "HAS BUY THE DIP MENTALITY SHIFTED"?
SPY I've been short SPY since 10/27. (I actually jumped in a little early on 8/25) The majority of my success (profits) has come by selling calls. I started selling bear call spreads 11/2 and opened additional positions 11/23 & 12/29. I've already taken the profits from most of my positions. The only position still open is 2 bear call spreads set to...
Daily chart: Has support become resistance at 1920??? Weekly: RSI and MACD looking uuuuuugly! Monthly: Head and Shoulder breakdown at 1800 would project to 1500, PERFECT retest of last 2 bull markets and just under Fib .618 retracement (or .5 retrace to retest 1400)....
Frame your trade is more important than what indicator to use or what line to draw.
It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside. Apparently the reason behind this upward correction might be caused by the upward correction in oil too. We recommend shorting stocks instead of buying dips for now.
Normally on a knife drive there has to be a bounce at some point when people think "oh... that's cheap now"
SPX landed on the lowest support line yesterday and started moving upwards after this. Weekly, daily and 4h setups shows that SPX is undervalue and it is time to go up!
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
It's not over yet. Possible short S & P 500 if trendline breaks If trendline holds, buy-the-dip
In case of China stock market sell offs, world economy growth slow down (except US) and unstable geopolitical situation in North Korea, Syria, Ukraine, Turkey and others are filled with fear and insecurity. This cause the money flow into more secure assets. And it is hard to say when those unstable factors will fade away. SP US stock index reached end of the...
It seems very clear... may be price will fall until next support. Previous support (1995) was broken first.
I made this chart to have a material which helps me to think about moves and prices. I feel pressure to let prices get cheaper. I am not shure about mid and long-term trend. I use H1 & D time-frame to predict it. This is interesting to see what will happen. I am very curious about next chinese steps. All economics need to show and proves their numbers.