"You can't always get what you want.....ya get what ya need" - Great British Philosopher.
Uptrend continues as the whipsaw since 1/26/18 fades to background. Meanwhile, Bulls get what they need as we navigate to reaching all time high (ath). Other indices have led the way while SPX and DJI will follow.
I now have much more time to dedicate to my analysis and ...
The recent correction that affected the US stock market is likely over for the time being, the weekly uptrend can resume here, but, consider that we are still during a longer term consolidation phase, following the end of a 2-month timeframe uptrend expiration back in December. The big correction we had after peaking in February further confirms the idea that one ...
The chart shows the sum of the Dow, Nasdaq and S&P markets normalised to the January 2018 high. The US stock markets make up over 50 % of world stock market cap.
The fractal comes from gold 2006 to 2008. Fit was really good until 20 June. Now stocks fallen below an important support level (dotted line) reducing the likelihood of immediate recovery. Failure to ...
The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry.
When it hits the fan, don't say you weren't warned.
I know, there are too many lines and looks like a mess, but they are all important to me:
1. Pitchfork: Pretty obvious pitchfork built using that M shape from 2000 to 2008, currently we broke up the top and shows support lines.
2. Trendline: It has been working as support since 2008, watch for the break down.
3. Fibonacci Timezones: There are 2 fibonacci time ...
SPX continues higher and tries to break the 2800 handle.
In case of a successful breakout, a visit to previous record high can be its next destination.
Extremeley bullish? How about new record high just below 3000 as the harmonics suggest?
A fail to break 2800 can lead to a short term correction back to 2750.
It looks like the alternate SPY triangle count has won out.
Wave e appears to have completed with the lows 6/28. The first minor wave up (of cycle wave V) should be nearing completion of its 5th minute wave, and a wave 2 correction should set up a nice buying opportunity.
Wave V should bring the SPY to new highs, and eventually to the end of this bull market. Of ...
What earnings multiple or P/E do you expect the SPX to reach by year end 2018 or 2019?
It's like a game of guess the jellybeans in the jar, so have some fun and play along!
Share your estimate in the comments!
The SPX will finish the year at a price and will report earnings when the year is out. What do you expect that will be?
( Whether you agree or disagree ...
Went back to the drawing boards and came across another individual's post which was my original inspiration for charting it out myself. I want to give him his rightful credit for this and plan on including him on this post. @Markrivest
However, when I began to chart it out on the 4hr (I have a few different ideas on different timeframes and my 4hr wasn't quite ...
Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but for now, it seems like a pretty damn reliable indicator.
Go long SPY when the Hang Seng Index hits the lower range.
Sell SPY long and short the Hang Seng Index (hong kong stocks) when the top end of the range is hit.
The manner which this has historically ...
Bitcoin/USD Daily Bars, LOG Scale, 06/14/18, 5:30 p.m. EST, by Mike Mansfield
Hi trader friends, quick post for a stock index move down that may happen from here or a bit higher. Even though we are into cryptos, I used to run a SP500 commodity program, then went all in on FX in 2003, so I like other markets besides cryptos. Here’s a post for futures & stock ...
Now that I am not spending nearly as much time on the BTC:USD 4 hour chart DAILY UPDATE it looks like I will have more time to post analysis of the traditional markets and alt coins. All of the higher time frames are showing confluence on the S&P 500 and that should provide us with a high probability entry.
Yesterday’s analysis: Pulled buy order, primarily due ...
Good day folks,
Tomorrow will be a decisive day for this rally; it will either reverse short on continue with a lot of strength.
The RSI in many timeframe looks awful: double top in the 4 hrs, daily and weekly. So IMO, we need a breakout of these double-tops in the RSI tomorrow or there will be a selloff, triggered end of the day/next week, and it could be ...
