Look for a failure of the price block highlighted, similar price action noted in the previous highs of 2000 & 2008.
We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall.
2000 and 2008 were...
Dear Traders,
As predicted before, the S&P's price went down. As you can see my red ''support line'' got breached and in my opinion, we are now heading towards the 200 ema on the 4hr chart. Bears are in control. Next stop is the 200 ema at 2876$. It held last time it touched it, let's see how that works out this time.
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
Hi trader's,
In Thursday's trading session I will be looking for a short in the SP500. We might start with a push higher but I expect that to be part of the corrective structure which is currently unfolding.
My focus will be on the sell-trade and I will not participate in any potential buy set-ups.
This means that I will be looking for minor flags then execute...
Hello all, thanks for viewing.
After re-reading William Poundstone's "How to Predict the Unpredictable" I thought I would chart the Shiller PE ratio on the S&P 500. I did this because I have general feeling is that things are a little over-extended.
In his book, he points out that in the past 130 years, if people in the US stockmarket had sold their stocks (and...
Based on derivative analysis. I am projecting Minute wave 3 just completed and we have entered the corrective wave 4. The wave should end over the next 2.5 trading days. I project the bottom will occur within the first 2.5 hours on September 4, 2018. The bottom should also occur between 2870.91-2886.50. All of these targets are based off of the moves that have...
This is a great opportunity with 1:4 risk to reward ratio to short this market with a fair amount of reasons (indicated on the chart). A classic mistake is trading countertrend hence this could follow the parabola and shoot to new highs fairly easily.
This is just an idea, not advice! Good luck in trading the tough markets everyone!!
3 days price ranging and making D - profile shapes. Today was initiation action of sellers to move market downside. First test rezistance around 2821 where support became rezistance and yesterday POC.
When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence.
- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and...
- Hi everybody!There will be a trend reversal!
- Why do I think so?
- At the moment there is a figure in the head and shoulders of something that we can not ignore because it can be crucial in the possible reversal.
the volume seems to be in disagreement with the price something that also shows a reversal!
.
.
.
Entry Price: 2824.40
SL: 2840.00
TP1:...
I was slightly premature in my previous analysis. My data was lacking and I took a leap. The data is finally in and the drop will occur as projected. We will watch the market drop for the rest of the month before it flies high into the fall. The pink box with the black outline is the projected bottom for the coming drop. My more realistic zone is above the trend...
Sure the "Flat" model and Bull's "Cumulation Balance" on ES is over.
Near month, Bulls can retest & breakthrough the historical peak 2884.50
I decisively, take a long position for 2900.00;
"Short term target": 2900.00 - 3000.00.
"Middle term targets": 3200.00 - 3300.00;
"Long term targets": 3400.00 - 3500.00.
Subscribe!
Join me!
«« «« «« «« «« Hold...
How many lines does one need to describe the markets?
Well, if you know about the universal law of Action & Reaction, there's not much to draw.
Keep it simple, but know what you draw and what to expect from.
P!
...don't miss the ForkTrading BLUEPRINT on my website...learn to earn.
Hi traders,
I am looking for a break of the previous high before a reversal lower. This would be the ideal scenario, if we see a reversal before a break of the top I will wait for a bearish flag before sell.
Hello traders! Let's see SP500 in daily timeframe! We can clearly see that's moving inside a descending triangle , there might be a breakout of the triangle but still not confirmed , that's probably a fakeout. So be careful and wait for a strong confirmation daily or better weekly , might lose some pip but would be a safer trade , that's just my opinion don't take...
