S&P 500 (SPX) shows a bullish sequence from December 26, 2018 low against June 3, 2019 low (2728.81) favoring further upside. Short term Elliott Wave view suggests the rally from June 13, 2019 low (2874.68) is unfolding as a leading diagonal Elliott Wave structure. Leading diagonal is a special type of 5 waves structure with a wedge like pattern and overlapping...
SPX bounced off its support at 2841.3 where it could potentially rise further to 2955.8.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
S&P 500 index is forming a descending triangle since the beginning of August. Each day the triangle gets narrower, normally we should expect a down move after completing a descending triangle but my expectation is on the breaking of the resistance of triangle before the completion which is shown in purple.
In case of breaking the support line, again I would...
SPX bounced off at 2841.3 where it could potentially rise further to 2955.8.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SPX expected to rise up to 1st resistance at 2955.8 where it could potentially react off and drop down to 2880.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SPX is expected to drop to 1st support at 2826.5 where it could potentially react off and up to 1st resistance at 2936.2.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
The S&P 500 is likely to edge higher during the following trading sessions.
If the SPX breaks the significant resistance level at 3020.0, a surge towards the $3100 area could be expected.
However, if the aforementioned resistance level holds, a decline towards the $2850 region could occur.
SPX to climb from its upside confirmation at 2900.6 where it could potentially bounce further to 2964.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Like I said, expect fake-outs, and this morning's $SPX gap down looks like it might be a big trap.
Stepping back, some will see a successful re-test of the Monday lows as a bullish sign. So next stop will be the resistances in the 2,900-2,915 range.
SPX to climb from its upside confirmation at 2900.6 where it could potentially bounce further to 2964.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the break above the entry and BUY with a Limit-Order!
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Type: Day-Swingtrade
Buy-Limit: 2868,2
Stop-Loss: 2838,4
Target 1: 2900
Target 2: 2922,3
Target 3: 2947,8
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LEAVE A LIKE AND A COMMENT - I appreciate every support!...
The most common tweets I'm seeing this morning are "yesterday's/overnight lows should be re-tested" and "sell the rally at xxxx level."
Feels like the more uncomfortable trade would be to hold (or add to) my longs from yesterday. So yeah, that's what I want to do
SPX is expected to drop to 1st support at 2793.7 where it could potentially react off and up to 1st resistance at 2910.8..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SPX bounced off its support at 2907.8 where it could potentially rise further to 3030.4.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
$SPX has broken rally and first levels of support. After being bullish from May 31 until late July, a few weeks ago I pointed to 2,940 in my weekly-email as a level where I might get more bearish and we're right there now.
We'll see how the market closes, but unless it closes above 3,000 (unlikely) I'll be cautious for a few weeks. Cautious doesn't mean I'm...
SPX bounced off its support at 2956.1 where it could potentially rise further to 3107.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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