FROM MY LAST ANALYSIS OF THIS I AM EXPECTING
A CONTINUATION. EXPECTED REVERSAL NOW OCCURED
NOW GOING UP. ONCE REAKS BLUE LINE EXPECTING A RAPID MOVE UP.
LIKE, FOLLOW AND COMMENT :)
SPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts.
Trade Safe!
SPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups.
Trade Safe!
S&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy.
Happy Trading.
My previous call on S&P500 longs around 2692 almost have met the target of 2800, not yet hit that level but almost reached it. We may see it may test that and roll all the way back. For now- it seems like it is likely to complete the correction and i am expecting a big move to be setting up to test the lows over the coming weeks or so. So i should be looking for...
More of a forex and crypto guy but today the SP:SPX caught me eye for nice 2 month short to 2200. Ill update you guys as we go. If you would like a more in depth reasoning please feel free to leave a comment below.
Hi traders!
For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities.
I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an...
Take note that the daily and monthly time frames show similar ranges as this weekly time frame
For a while on the SP500 0.13% on the weekly time has been close to the upper range of the big range. Inside this range we can now also draw a smaller range thats is narrowing. The Stoch indicator is also making a nice bearish crosser after last weeks close. The ADX...
US equities are starting to look well and truly overcooked, if we don't see a rate hike today (very unlikely) then July will come. Eyes on the rhetoric around the balance sheet today will be the key to pandoras box, in my books we are set for a mid term change of trend in US equities
... expecting a clean sweep for the 2417 handle with a tick below unlocking the...
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...
