The S&P500 is enduring tense economic times with high money injection. If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward. However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and...
Hello all, All analysis of COVID provide us horrible numbers so i expect at least 1-2 weeks more of downtrend and after that with all the contingence applied from the different countries numbers will get better and also SP will start a slowly recover. Thanks. Regards,
The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line According to Stochastic and RSI, the declines have not yet come to an end. Right now the...
Traders we do not like to write more. The prediction of the price you can find on chart! Regards, Team Traders "Powerful Traders"
Dear Gamblers, It seems we have reached the 0.5 fib retrace from last low on the weekly chart and all is set to rebound. -For those who say this is a cryisis hided with coronavirus, I say, unlikely. There is a hided debt crysis, but it will not explode now, first governments will use everything in their hands to expand their debts to limits where nobody could...
The S & P500 is on the rise. At the moment our sell signal is about the price correction and not about a new trend. The Stochastic Daily Graph is located in the top third which is a great area to sell. The RSI is in the 70 area which is Overbought and it is a good time to sell. Target: $ 3260
OANDA:SPX500USD SELL 3191.9 SL-3283.6 TP1-3030.8 TP2-2826.1
Wall Street reversed its three-day sell-off overnight on renewed US-China trade hopes as investors piled back into the global recovery trade. We think that the market probably goes higher, reaching towards the $ 3,200 level based upon the bullish triangle on the daily chart. Overall, this is a time year the typically works out well for stock markets anyway, as...
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...
Pattern: 1W Channel Up. Signal: Bullish as the 3030 All Time High broke on a 1D bullish break out. Target: 3080 and 3100 in extension.
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.
The graph above clearly shows the support line of the rising channel and the resistance line. One of the most attractive products currently available in the foreign exchange market. Ichimoku indicator continues to support further gains in the SP500 price. Because the index has broken a new record and the Stochastic is at its upper limit and signals a correction...
Pattern: Megaphone on 4H. Signal: Bullish on fractal repetition. Target: 3025 (Low to High extension).
I have put today price action side by side with the September - October 2018 price action. The candle flow is very similar and what follows next scary indeed. If we see similar development in the first week of April (the candle sequence in the eclipse), the we should get out of stocks! I don't need to mention that what followed was the strongest correction since...