Yes Correct its Bullish.
If you see the 50EMA is below the candles and crossed the middle bollinger band which is a bullish sign. And RSI shows that if rate come from above and bounce backed from the 50 level of RSI (red horizontal line) shows a bullish movement and it was tested few times which is circled in yellow.
Take profit in yellow box.
Note: Trade at...
The fractal analysis in the current weekly timeline shows only one corrective motion. Its size is larger, as a 2X fractal appears to be formed. In this case, we can expect another significant increase. Since fractal signals and the trading fundamentals are completely opposite, I will return to looking for a long position after a few days of ascent.
Someone once told me that the S&P is the "All-Star Team", many have opinions on it, but almost impossible to find anyone who could consistently predict where it's headed.
This chart shows the bearish case, which seems reasonable except that Many people are seeing it and the S&P doesnt follow what people think will happen. With volatility at current levels, it's...
Hi all many of you that see this might think that its a total nonsense but I try to be radically open minded when it comes to today's world. Since recently many of the economists have been thinking that ZIRP and NIRP are absolutely impossible even not worth discussing but as we can see half world is full with negative yield bonds etc. We are living in interesting...
15 Minute:
5-3 Elliot Cycle completion completing within a horizontal channel.
Start of Wave 1?
RSI > 50
Entry on a clean break above resistance line. Target the height of channel.
SL zone shown
*Not Financial Advice*
The S&P 500 E-Mini Futures Daily
time frame is in an up trend. The
market is about +212 Ticks away
from the fib extension. I am going
to turn to the one hour time frame
and will look for counter trend line
breaks bullish for potential entries.
Thursday's Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory?
Last Thursday's all time high in the S&P 500 Index was accompanied by the month's second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday's significantly high volume as well. Was it the...
The chart depicts how the trading plans published in the morning - idea published on TradingView at 9:52am - tracked the market action. You can read the detailed results tracking at our site tradersAI.
Hope you all had a good trading day, and if not, remember that tomorrow is another day of opportunity to utilize the lessons learned and the experience gained....
After the double top we had that caused a 7/8% decline from the peak, things changed positively, the Sp500 exceeded the 200 moving average, you can see in the chart above the start of a change in the Ichimoku cloud to a bullish trend.
Our goal right now is 2950
S&P 500 looks very bullish.
Target 1: 3550
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun....
SP500 QQQ ETF supply and demand analysis and forecast for 22nd April 2019. SP500 SPY ETF is trying to break weekly supply at all time highs around 293.
There is a clear long term weekly and monthly uptrend with all time highs previously eliminated and brand new demand zones created on bigger timeframes like the one on the weekly timeframe around 281.
In an...
I'm still bearish, but I believe price needs to move a little higher before the bears appear. A nice bull trap to break the all time high, before a reversal to the 1800 handle.
Calculating the mid point of the wave and using symmetry, the target should be around the 3100 level. Coming from another angle, I used another method to get close to the same result.
So...
Hello to all who follow my charts.
Today has been an interesting day.
Of course, the S & P 500 was still long and continued up the long trendline
But today we experienced a reversal day and that always does not bode well for the respective trend direction.
The day started normally, then went much higher in the end but to go deeper from the market. A reversal...
As can be seen in the graph above, resistance has been breached and as you know we have a simple rule if support or resistance breaks it is very good to enter the market in this case we recommend buying with a target price of 2940 At this price, the sp500 will have a real test and we will see whether it will pass it successfully or that it has created a double top...
