Welcome Hyperspace Travelers... I have been eagerly awaiting you..
This is the long anticipated Part B 2.0 (C) of my S&P chart.
In order to understand my Part A chart of the S&P500 .
It is extremely necessary you go through all the snapshots of Part A. I warn you it is ungodly long. But if you want to understand more..
Today i'm going to explain why do i expect a massive pullback in German economy.
* Daily MACD bearish
* Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points).
* Wall Street so called "...
Today i'm goin' to explain why i would short SPX index on 3000 points from this instance.
* Timeframe 2 weeks.
* Target 3000 index points
S&P500 is weekly oversold. We have predominant buy volume mostly.
Technically, It's also aproaching to MACD WEEKLY BEARISH CROSSOVER.
StochRSI confirms bearish momentum.
From fundamental side:
Welcome Hyperspace Travelers.
Listen Carefully and Doubt everything I am about to say..
Watch. Closely. And see what is about to happen.
Bernie Sanders replaces Joe Biden and Defeats Donald Trump
Electoral Victory 84%.
Populous Victory 89%.
BULLRUN in DXY means DROP in Index-Equities =...
US500 - Intraday - We look to Buy at 3440 (stop at 3418)
Trading within a Corrective Channel formation.
Prices have reacted from 3420.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
Further upside is expected although we prefer to buy into dips close to the 3440...
As I expected, 3500 zone is strong resistance for SP500 and with this new fail it became even stronger.
I expect a drop to 3200 zone but, considering the 50% rally from March's low, I would t be surprised of a fall to 3k zone till the end of the year.
Sell rallies around 3500 could be a good strategy
For those who trade stocks, the S&P 500 Index is an important gauge when it comes to timing. Novice traders and investors especially need to understand the relationship of relative strength between their portfolio or stock and a major index like the S&P.
The concept is simple: S&P pushes new highs, your stock should be at least making an effort to follow along if...
The SPX (SNP500 Index) monthly chart has been giving clear signals in the past with regard to overall changes in trend. With all of those trends taken into consideration, we can see an extremely similar situation with the current price action. As we also take into account for current political, geopolitical, COVID-19, and tech stock inflation factors, we can...
Make sure you like the post if you enjoy the publication! Thanks for the support!
Price currently making a head and shoulders pattern on the 2HR. Looking to target the daily retest zone to look to possibly take a long from there next. Wait for the 2HR candle to close for confirmation. We want a doji, spinning top or a bearish candle and will enter at close immediately.
S&P 500 decline in a five-wave contracting pattern knows as leading diagonal from its all-time high. It's labelled i-ii-iii-iv-v in wave (a).
According to Elliot Wave theory, a three-wave correction follows every impulse move, that's the subsequent a-b-c zigzag move in SPX. The correction retraced more than 80% of the impulse, retested the upper boundary of...
This is how I see things playing out. I wanted to post this as a challenge to my T.A skills I have been doing this for quite some time and feel pretty confident in my work. Let me know if u agree or disagree and why I'm open for discussion and critique.
Prepare for a wild journey my friends! B)
Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern.
Now Price will fall back around left shoulder levels around major S/R.
Coronavirus just sped up...
Sell on 2 hour chart
Buy on 7h chart
Buy on 3 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Yesterday, SPX hit my support level and rebounded 40-50points. However my system says that the down move might be short lived. Current rejection off 3487 gives possible further down move, targeting 3476, 3452. If 3452 (yesterday's support) breaks, expect 3420. I will wrong above 3492. Above R will be 3506 and 3528, which should cap high of day.
Just re-posting this as my original post 12 hours back is hidden for including my Twitter handle! oops
I trade by identifying spot on daily turning point levels everyday for many instruments, including #SPX. Set price levels near these levels and trade when opportunity comes.
New to #tradingview. Will be providing my intraday levels for some of the instruments...