When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015...
- The S&P 500 is nearing a strong resistance at 2900/45 where everything is possible from consolidation phase to profit taking or 7-10% correction.
- Profit taking is possible (FOMC meeting 1 May, US earnings season, ECB meeting 6 June, etc). The risk is that global central banks’ policy U-turn during 2Q19 is largely priced in and markets unlikely to get more...
S&P 500 index pretty much peaked on 2734 previous value.
Now, made new high in a form 2856 peak which is nothing but new high which will hardly be surpassed now.
Stoch RSI confirms bearish momentum and projected bearish crossover.
I personaly don't see these price ranges sustainable in this form on this price range and i would suggest selling a position on...
While the Russel 2000 struggles to gain traction, SPX is making a run at record highs in spite of its down day today. Divergence suggests either Russel 2000 will charge back up or SPX needs to come back down. Kind of the same story with SPX and oil as well. Troubling or opportunity?
In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming.
Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before...
It's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
Here's a SPX Monthly chart, and as you can see.. we are still in a bull run for a decade now, but currently approaching the $3000 region which appears to be a major resistance area..
Looking at the Crypto market which is currently at its bottom after a HUGE correction which took place in December 2017, and S&P500 on the other hand being in a bull...
Long BTC. Short SPX.
Very interesting correlations can be observed between BTC and SPX . Comparing prices of BTC , SPX , and SPX-BTC we see SPX went against the trend last week: it gained this week while SPX-BTC dropped. SPX is overdue for a drop to 2440 where it will complete a major HS pattern based on Highs. This will cause it to further plummet and continue...
Taking some awful chances in this idea.
The daily cycle is very mature, we are on day 47. We bumped into the resistance of 2820 again which is a multi month resistance. It's the 2nd time that we were unable to break above it.
MACD crossed over, RSI 6 had left oversold condition and just needs to break below the red line ; and SlowStochastic has a good cahnce to...
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
YELLOW LINE: Broken trendline in the middle of the other two.
RED LINE: The bottom trendline which is the current support IF S&P500 falls.
Chart of SPX price accounting for USD strength and appreciation/inflation (not sure which term is technically correct). Reveals completed massive HS pattern in conjunction with infamous Bart pattern - ups and down akin to Bart Simpson’s haircut that precede a dump.
This corroborates my previous SPX bearish idea, which is based on a formula I developed for...
SPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe,...