Every touch of the trend line has been followed by a smaller spike then a much larger one. Most recent touch was a false breakdown and quick rebound just above the trendline... Crude oil typically rises and falls with equities. USOil just fell from $58 per barrel to $55 per barrel on Friday (5%). Expecting equities to be very close to a top and should move down a...
short #sp500 at 3148 with 3 TP until 3098 so 50 pts a huge profit but will go more deep later for now i talk only pullback UP TO STRAIGHT SO FAST FOR NO REAL REASON
We are in the top of the channel and have a clear signal to sell SP500
A partial TP is clever in the low part of channel and SL just over the top.
You can keep a part if you are bearish or just reverse you position if your are bullish on it
Cheers
Logic:
Institutions have shown heavy dumping activity, all that's left is to flush the buyers out.
Every time we make new highs we get a drop . This high looks very convincing doesn't it?..
There is no volume currently in the market, we have a Three Drives , and Deep Crab Pattern completing. (Both Bearish)
We have almost completed a full year of...
After U.S. President Donald Trump renewed his tariff threat against China, U.S. futures contracts — including for the NASDAQ, Dow and S&P 500 — retreated from their all-time highs. As well, this morning, exacerbated by the roiling unrest in Hong Kong, global shares are a sea of red. Sentiment itself is fragile and will likely follow prices.
The S&P 500 has...
Looking to go short on the SP500, We will be wrapping up the year of price action, we will be heading into elections, and Fed Powell was very optimistic about America today.
I believe the economy has hidden weaknesses.
I'm not an economist, but I'm taking this short if there is no volume up here. We will also have a three drives pattern completing with bearish...
The longer VIXY is held down, the stronger it generally pops.
Good hedge against SPY downturn.
Use dollar cost average to pick up a few shares every day or every other day. These turn great profits in short time.
Options are also cheap. I recommend monthly's here which give you time for either a pop or a slow 7-10 day run up (plus extra time).
I am a buyer of...
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...
Hello Traders,
A rising wedge can be seen in ES1! (S&P 500) and I believe that it needs to make a correction so a breakout to the downside is to be expected. There may be another upside move and for that reason, a 30-point stop loss was set along with a 90-point take profit just around an identified key level. Furthermore, this trade idea supports our XAUUSD...
Serious resistance at $ 3030 that succeeded in 3 attempts.
At the moment in H4, a double top template was created
Stochastic at maximum level with the intersection of lines.
For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.
Shorting this second resistance touch on SP500.
Reasons:
Second touch on resistance
Bearish RSI
Dropping bullish volume
Decent R/R
Strategy:
R/R = 2.81 or 4.23
Entry: around 3010
Stop: 3054
Target 1: 2888
Target 2: 2819
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Trade safe friends!
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...
