Today, FED is starting to buy short debt papers. Today, the reporting season in the United States begins. The Chinese want to clarify the details in the trade deal. We can get negative news for the USA stock market. The price of the rise to the short zone. We count on achieving the goals.
There is no stop-loss, as there are possible shake out/
The position can be modified.
Bank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has...
As stated as an update on my previous post, we have moved toward the option of tracing highs to 3040. This is now looking like the most likely option, making one last touch before heading down at or before October 11th (projected). This is where several strong lines of support and resistance meet. This option looks likely as we could be setting up for another...
The announced program of liquidity support in the market from the Fed was not reflected by the growth of the index.
In advance of trade negotiations, China announced that it would not raise important issues during the discussions and would leave the United States ahead of schedule. This suggests that negotiations are unlikely to succeed. And the negative...
Following the massive drop due to poor manufacturing data, equities have had a considerable relief rally... Most articles point to good employment numbers, but in my opinion this will not prevent an even deeper correction... It seems like news outlets are clinging to whatever data they can find that attempts to explain a sharp move in one direction or the other......
For reasons put out in my previous post (global tension based)... The sp500 should continue it's trek downwards... Currently up from my short entry and recently moved stop to red line... Considering entering a second position on a 3 wave corrective rally before harsher downside movement... Not entirely sure on the wave count at this point but the larger head and...
Shorting this second resistance touch on SP500.
Second touch on resistance
Dropping bullish volume
R/R = 2.81 or 4.23
Entry: around 3010
Target 1: 2888
Target 2: 2819
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SP500 trading at resistance zone and has given Monthly Divergence. It can make a new high but eventually it shall crash to psychological level 2000! SPX is on my watch list. Weekly and Monthly charts are not H4 or H1. Bigger time frames demand bigger patience.
The S&P 500 index has hit a lot of buy stops propelling it higher in recent days. However, is it just forming a head and shoulders pattern on the right shoulder? If you believe this market is overbought (refer stochastic) and overvalued (high PE), then, could a head and shoulders pattern present an ideal short position? You could sell now at the top of the...
Couldn't break above long-term uptrend AGAIN, volume declining, RSI overbought, volume divergence since the gap up, and the gap needs to be filled (well, usually they do...).
Clearly the market was not overly impressed by the end of day on Friday. The entire day was flat, and .2 was shaven off SPY in the last few minutes of trading and it almost closed at 0 or...
Ongoing US - China trade wars are still holding economies of the two countries and as major players these two have shown the effect of their poke-game in global markets.
SPX has started this year very optimistically showing newer records and higher-highs and still more higher points to come. Unbelievabale isn't it? Despite rumors of the US is one step away from...
The S&P500 index is currently in a bear flag. Indecision and uncertainty about Trump's trade war and overvaluation of US equities has caused this pattern to emerge. We are at the top of the bear flag, an ideal time to short or buy put options on the SPY or S&P500 futures. Recent optimism about a resolution to the trade war is unfounded. I don't think Trump and...
On the chart two possible scenarios for the SP500. Best bet is to short at this top side because it has the best R:R ratio and there was no close above the res. yet. Untill we see a close above it is just ping-pong inbetween these levels, but the EMA's are tightening which means a price will get squeezed.