Hi All,
This is a continuation of my previous post which discussed the correction that is likely to happen soon, now we have it.
I'm still sticking to my original thoughts that this price action will move towards the average of this channel and in this case we have:
a) support at the previous resistance;
b) confluence with the daily 21/34 ema;
c) channel bottom...
Hey tradomaniacs,
previous sell-off looks like a decent washout after increasing VOLATILITY and TRUMPS TWEET bragging DOW JONES is @ 29.000.
Whether the stockmarket continues to drop doesn`t matter as I expect at least a retracement right at the trendline with the previous fakeout!
Good chance to catch some pips! :-)
LEAVE A LIKE AND A COMMENT - I...
Since 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible....
I continue to run more models. My models are like the cones of uncertainty when forecasting hurricanes. The more data that comes in changes the cone. In this case, this chart is completely different from the one 2 weeks ago. That one saw the end of Grand Supercycle 1, this one still has us in the final Cycle wave 5. This model also projects Grand Supercycle wave 1...
Hi All,
Looking at the chart from a channel perspective, one can see that the price action is over extended with a daily and what looks like the weekly, both with bearish divergences.
One will then expect sooner or later for it to return to the average, in this case, towards the mean of the channel.
I believe a double top is taking place and if we see the...
We continue to remain constructive of the markets and the S&P is looking to square up with the NDX.The Daily Wave count shows the S&P is facing resistance at the 3513 level with a pending pullback into wave (4) setting up for a terminal push higher into wave (5).
ES
Interesting point in the markets purely going off of a combination of diagonal/horizontal resistance and support lines and the 200 Day SMA. Couple these with current fundamentals and you can place your bets on direction. Keep it simple with levels to watch and you can trade this market with profit.
Levels I am watching:
$3291
$3230
$3062
$3026
Trade at your...
Short Term: Bear
Long Term: Bull
Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday)
For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might...
It hasn't ventured out of the channel yet since thee beginning of the month. It's been very predictable and easily tradeable this week as long as you're paying attention to the support and resitance zones that it continues to create as it works it's way through the channel. However, we're nearing the ATH and I'm curious as to if we'll see if the resistance force...
AMEX:IWM
As we continue to embark on this epic economic bubble , there will be varying components that will be mixed in so the trend can continue. To allow some normality to the markets, profit rotations still seem to be taking place and tech seems to be the one market that is becoming exhausted. With that said, I think we continue to see those absurd profits...
It's almost time to see if the market want's to continue this rally or reverse off the previous top.
The month of August is going to be a hot time to make some big boy decisions for your portfolio.
3391 keep your eyes on it and watch that trend. Stay patient.
An idea for SPX
MA's can be seen to converge then lead to a large bull run
this can be seen to have recently occurred will it lead to another bull run regardless of covid?
The TIme is running and SPX is heading to a possible TOP to finally start the Correction. Waiting for a strong reversal SIgnal to get in that short.
No financial advice, only my idea
Everything on 3day continues to shoot green across the board on the spx500 with nice size candle.
Since recovery we have only had one major potential transition (green arrow)
All indicators have nonstop continued to go green.
The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff...
This will get fun.
Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
Market-Buy:3220
Stop-Loss: 3188
Take-profit: 3293
Stop-Loss: 32 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,05
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
