So my bearish bat is still holding for the moment. Looking at the weekly it is likely we will test the 50MA as support flipped to resistance. This will also coincide with overbought conditions either this week or next. Then we will head down.
SPX saw huge move up today back into the supply zone. This zone also lines up with the 61.8 Fib which has been a notable reversal level. I am expecting a move down to the demand zone.
I'll be looking for shorts in red zones. Last few shorts were fast, easy to spot and enter, excluding friday. Tomorrow might be the same. There is extremely rare risk to reward for shorting here, because a crash might happen. I have a bearish outlook overall, because of lower high and lower low, also unemployment, etc... Disclaimer: This is not trading or...
SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend. As I...
SP500 looks like is finally top out with 3k zone proving to be strong resistance. The index found sort-term support yesterday under 2800 and now is correcting. I'm very bearish indices and I expect a new leg down for SP500 in the next months. In my opinion, 2900 should with a target of at least 2600
tomorrow reversal. vix has been going up, gold has been going up, smart money wont leave their longs open over the weekend
potentially long term price analyses. It's not trading advice. do your own study before trading.
This is a scenario where there is no return to the upside and next target is around 2735. Maybe it happens, maybe not. If it happens, I'll sell when it goes out of the channel and only when I'm completely sure. Best would be, if I see it come up to the channel and bounce off again.
Inverted graph of SP500 -- Who likes rounded bottom? According this idea we might see second wave of discounted stocks in summer - around june/july. Just curious crazy idea .. I'll just leave it here... :)
Harmonic XABCD pattern formed, Support at 2876. See a bearish trend which can open opportunities to short. Please share your thoughts
Now The S&P500 formed a double top (the first peak was formed on April 29). The middle level of the range (2879) was passed without a rebound and the price went down to 2818 as I expected. Buy when the resistance zone of 2947-2972 is destroyed. Relationship between the USA and China became worse, the economic situation is a kind of disaster and the consequences...
The mother of all indicators of overall market health is the SP500. The market has finally retraced to the .618 levels after the initial market drop during Feb and March, now what? The formation and reaction to this pattern tells us that we are probably going to be heading down for a larger fall than I have indicated for our first target. We could see a...
MACD has been giving very good signals during the COVID-19, advising to sell S&P 500 juts at the right time in February and to buy at a good time in March. However, now the signal is to sell! This is well aligned with my last post concentrating on the Fibonacci Retracement level of 61.8% as resistance (and some fundamental analysis in the description). It...
The Fibonacci Retracement level of 61.8% shows signs of holding and a possible reversal of the trend of the S&P 500. Optimism and trust in FED are driving the current upwards of the stock market. However, FED can't cure what's underlying the stock market. Also, FED's actions could connive another problem, an entry to deflation. Deflation could become a real...
Hi All, Another video summarising my thoughts on where we are with BTC, SP500, and many ALTs. ALTs = ADA, DASH, ETC, LINK, OMG, XTZ, ETH, NEO For those I covered quickly, here is a chart for ETH and target. I'm making the commentary short because I have a few things to do now, but later today, I will try to add more charts to my commentary, to add...