SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a...
Thanks for viewing. This is just to update the one or two people that asked for an update. my view is still unchanged and is bearish. How could it not be after such a steep decline. I am now thinking -11% (or a 1:1 of wave (A)) may be on the conservative side. Expecting an abc correction to face strong resistance at the 0.18 to 0.65 fib level and have decided...
Respected followers, as we can see that SP 500 and has strongly broken it's trend line which is the sign for bullish trend. We have 2 entry levels with same stop loss and take profit.
Where is the S&P500 since my last chart back in mid Aug, link: - Weekly T.D. Sequentials landed a top at an Aggressive13. Commonly a Green9 signals that a price reversal is approaching next. However, around this time the restructuring of NAFTA with Mexico was announced to be completed/ almost completed which drove the market confidence further than expected....
SPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts. Trade Safe!
SPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups. Trade Safe!
S&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy. Happy Trading.
i short SP500 because i think he done the Christmas rally more early than before and i think he will down a bit before end years may pull back before the 31 december for close the years i big gains then after in january fastly down more than my target...but is possible that my target can be reached before end year ( 12 days) Overbought much in weekly and...
Hi traders! For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities. I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an...