Enjoy a free signal Trade at your own risk; Know your risk to reward We had a breakout of monthly S/R area and now market has come back down to retest the 12hr uptrend. If it holds, this shall play out. Symbol: SPX500USD BUY Entry: $2950 Best entry: $2940 Stop Loss: $2920 (-$30 to -$20 from best entry) Take profit: $3015 (+$65 to +$75 from best entry)
We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951. We want to see the old Resistance become new support for a trend continuation upward for the bulls. The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is. I'd look to find a long term position on a...
SPX Short Bias Remains.. 13:27:23 (UTC) Fri May 22, 2020
S&P 500 Index (2H) / Three Elliott Wave Counts
Let’s take a step back. What do we see on the bigger picture? Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months. What did we see in those five months? Very quickly declining buy volumes. What did we see after there where too little buyers left? A correction downwards lasting...
A quick view on the SPX500 future shows something interesting. It is not rock-solid analysis, but just something fishy that caught my eye and I want to share. Discussions are welcome. In the last week, we can see two interesting phenomena: - Big downwards price moves happen with big volume, mostly day time activity(blue) - Big upwards price moves happen with...
Enjoy a free signal Trade at your own risk; Know your risk to reward We had a breakout of monthly S/R area and now market has come back down to retest the resistance. If it holds, this shall play out. Symbol: SPX500USD BUY Entry: $2940 Best entry: $2935 Sl: $2920 (-200 to -150 pips from best entry) TP: $2980 (+400 to +450 pips from best entry) TP2: $3015 (+750...
This will not stop, will always trend in it's bullish channel. I expect it to get stronger even more as indicators turn very bullish in 4hr
CEO of FED talkin, how may I help u?
SPX has shown it’s bearish strength last 2 days. We went from the 2950 levels - where SPX was battling with the previous high, the Weekly 100 EMA and the Daily 50 EMA – to a new local low of 2765. One can see that the impulse with which the market went down was very convincing. However, market did not accept the low and traded up super strong after the low was...
We are watching this compression point currently under this horizontal Resistance level. Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line. We hold that as bearish movement. Would like to see it crack and have a nice Retracement. 50% short. Playing roughly 3%...
Bullish: 5 waves off the lows; Some huge caps are bullish (AMZN, GOOG...); Prices squeezed between the daily and 4H Vegas waves and still not dumping; Hidden bullish divergence on the 12H RSI; Daily RSI bear market resistance around 50 seemingly reclaimed. Bearish: Geometry is horrible (upward pitchforks median lines untouched, prices channel well); Volume...
We saw last week 2950 was a super strong resistance. We tested it three times in a few days. This level coincides with the Weekly 200 EMA and the 100 Daily EMA. Also it has been a strong S/R historically. After being rejected for the third time, SPX lost it’s support and broke through the support trendline formed by the early march low and a low early may. This...
X Force Global Analysis: The S&P500 index has been showing a clear bull trend for the past few weeks. However, as the "V" shape recovery takes place, we witness a weakened bullish momentum, and a probability for a corrective trend to take place. In this analysis, we explore the bullish and bearish technicals to determine the probability of a correction. ...
SPX500 is possibly finding support above the channel upper boundary line. Lets wait and see how we close the daily.
We are approaching an exciting moment. A big battle in the far right corner, with SPX retesting the support line it broke out from last week, and meanwhile finding support on exactly the same level on the trendline going from the low late march to the recent low’s early may. A downwards trendline. An upwards trendline. Colliding. And that exactly on the 2900...
Keep your trading simple Bullish Swing T1 = minimum risk reward 1:1 I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. For maximizing your profits you can use Options. Not a financial advise just my view - trade smart trade safe. Follow me to...
In my previous post I indicated my change in sentiment from bullish to bearish because of two trendlines that were invalidated due to new local low’s. I initiated a good sell zone in the top blue bar, given that price would move there. Yesterday we saw a strong rally up, moving into my sell zone, and even beyond. Instead of heading to my aimed level of 2885, the...