As we see early PA across various markets we can look long. The basis is fairly similar regardless of what you are trading, but we are likely to see a bounce on equity markets after the large fall.
Trade lightly and buy dips up to early resistance. check higher TFS for exits.
The Virus had set the stock cycle quite accurate in the last 2 years.
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is...
Main target zone was hit!
4120SPX is the main resistances now
4000, 4056-35, 4115 (must hold for continuation lower)
- Next target is the ideal target 3935-55SPX (3932-34ES) - HIT!!!
- 3900, 3850-30 are next supports (can turn any time, not trading those unless day trading trend)
Buy zone for tomorrow (Hit)
- 3935-55SPX Main buy targets!!! BUY BUY BUY
Main...
Well yesterday we saw a hugely important lesson for Traders on the SPX. Im sure many of them left a stop under the previous low as per usual...
Why is this unwise...? Well if you know how the markets work on a mass scale, it rather makes sense.
Entities with large amounts of money like good deals. They want to get in at the right time.
The volume of their...
SPX - HTF bat almost complete in strong demand zone, will be looking for reversals on NAS/DOW when this completes, price is currently sitting at last small demand zone until the main zone, if this zone breaks we should get a clean fall to the demand and a nice reversal!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target...
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So...
SPX S&P500 is looking bearish for now.
I think we might see an inverse head and shoulder chart pattern before closing higher this year.
Looking forward to read your opinion about it.
Well, that is the end of my first equity market short with price moving 17% (within the trade) - not bad for my first try. I'm sure that is pretty much unheard of and only possible in these turbulent times.
Perhaps not the end and 3,300 is still viable but target was always March 2021 price range.
Best, Hard Forky.
November 2021:
Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down.
What's on the market now:
Globally, the index goes to 3850. And I believe that it will be at this level around May...
Today we are here to talk about the SXP 500 index.
Today: The index is trading at 3991. In the last trading session, the market went down sharply, as we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the index goes to 3850. And I expect it to be at that level around May 18-21.
What are we waiting for today:
Today we are...
Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4155. In the current trading session, we saw a sharp drop, which we so happily made up for yesterday. Unfortunately, I didn't manage to catch the peak at 43 35 that I was expecting. In addition, I entered the market at 42 24 and exited at 41 77. At the same time, I received a loss...
SXP500 Index! Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 75. In the last trading session, we saw the price stabilize and come to the target zone of 41 90.
What's on the market now:
Now the market is calm we see a sideways movement in the market
What are we waiting for today:
Today the price may rise to 42 45 on the...
For what it's worth, I'm dropping a very basic analysis of the current price action for S&P500. It seems that the price is resting on the middle trend line of the descending channel.
The risk-takers might want to open a long order at the current level of $4,150 with a target at $4,400 and a stop loss below the recent lowest low, which is $4,060.
I personally...
Loving this plan, 4040 ish target lower time frames, bounce to 4400 resistance, down to 3800's which is support from 2000 then off to the 6ks over the next couple years for the blowoff top.
Today we are here to talk about the SXP500 index.
Today: The index is trading at 4287. In the last trading session, we saw a sharp increase to the 4315 zone which I expected earlier here is a link to the idea.
What's on the market now:
Today the market will be in the phase of fixing the profit received yesterday. Globally, the market moves to the 3780 zone....
