Our preference: position bought above 2414,50 with targets at 2433,00 & 2442,00 in extension.
Alternative scenario: in break of 2414,50, a continuation of the drop will be envisageable with 2406,00 & 2397,00 in line of sight.
Comment: The RSI is mixed with a limited bullish bias.
Our preference: position bought above 2424,00 with targets at 2440,50 & 2450,00 in extension.
Alternative scenario: in break of 2424,00, a continuation of the drop will be envisageable with 2417,00 & 2404,00 in line of sight.
Comment: The RSI is mixed with a bullish bias.
Bear dvg MOM, RSI, MACD in 15 & 30 min chart, at this 2297 hit..... just a suggestion if this could happen. I know my EW-labeling is probably wrong ?, but it's just helpful to use...and learning.
A quick update from the one past SPX ideas i've shared.
I had to put a lot of trust in this yesterday as it fell off a bit. But realising it looks live the beginning of the A wave I remained confident. Thinking it will surge back to where it began the day, above the moving average.
So that means we're now in the retrending B wave. It can go as high as it...
SPX confirmed his BreakOut this week
I am thinking the chart is speaks for itself. After 6 false new all-time highs (2015 & 2016) we experienced meanwhile the 9th new all-time high weekend :) And this after 2 major political events this year 2016 !!! I am personally something twisted:
"Are the market so strong ???" (proudly 55.2 Points or 5.65% above old...
S&P 500 is reaching its previous all-time high!
Monitor this index closely.
If it manages to break the Resistance Zone, we are bullish for it.
If there are few bearish signals appeared around resistance zone, we are bearish for it.
If shorting S&P 500, it will be a high risk to reward trade :)
2016/11/17. S&P 500 stock index forecast for next months and years.
S&P forecast for November 2016.
The forecast for beginning of November 2168. Maximum value 2266, while minimum 2010. Averaged index value for month 2146. S&P 500 at the end 2138, change for November -1.38%.
S&P 500 forecast for December 2016.
The forecast for beginning of December 2138. Maximum...
