Correct me if I'm wrong but I see:
a - bottom support
b - top support
c - megaphone pattern
d - cycles (blue lines)
So I see such scenarios:
D - PRINT PRINT PRINT by FED friends and rise right to the moon ;)
C - small correction and then moon
A & B - Big drop as shown, with crash perspective
SL 2248 or none
TP 1970
RR ratio: 3.13
Please let me know what...
TVC:SPX
The S&P 500 composite index reached 2129.79 today, just a point away from its all time high at 2130.82.
This should provide a good place to short the S&P, because:
Fundamentally: the outlook for the US economy is strong, with good job growth - however , the Federal Reserve should now look to increase interest rates slowly, which should gradually...
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely.
I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here.
For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
We can enter a sell trade for the S&P 500 index if it breaks the highlighted triangle pattern and settle below it.
Target 1: 1910
Target 2: 1860
Stop Loss: If it turns out to be a false break and the index closes back above 2040.
Monitor cluster and put stop on breakeven.
look at our setup:
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SignalSuisse
