SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a...
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This is just to update the one or two people that asked for an update. my view is still unchanged and is bearish. How could it not be after such a steep decline. I am now thinking -11% (or a 1:1 of wave (A)) may be on the conservative side.
Expecting an abc correction to face strong resistance at the 0.18 to 0.65 fib level and have decided...
Looks like SPX may have a triple top which is bearish. We may test the previous lows and if we break those lows, triple top will be confirmed and we're going down. Any thoughts? Happy to learn..
Good day folks,
It appears that there is a Head & Shoulder in the making for SPX. If this is the case, it means that we have only a few months left before selling accelerate. Most likely to start next spring imo.
Look at the volume; since 2016 it is decreasing and has decreased drastically since the beginning of 2018. I think that this suggests that there is not...
Thanks for viewing. There is a bit of text here. Stick with it - it will be worth your while.
Can I have a brief rant first? Anyone that tries to sell you indexes is absolutely not your friend. In the coming weeks and months you will be advised by professionals to keep your money in the index (even though it has gone down (and will continue to go down)...
1. Price is at the descending triangle resistance line
2. Structural Resistance and price is not able to surge through
3. Inside bar break down on the 4 hourly time frame.
4. Good RR of 2.68.
5. Volume on the latest rally is small compared to the sell off.
*Bullish big long green candles do pose some risk. Enter small position first.
SPX500 is now trading at the upper range ! Looks like a Wave B correction on upside of ABC !
Short @ 2818 with SL @ 2834 on Daily Closing basis !!
Long above 2835 on daily closing with SL @ 2775 !!
Bias : Short SPX500, Nifty50 !! Risk Reward Favourable on Downside !!
SPX500 is approaching our first resistance at 2822 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2622 (100%, 61.8% Fibonacci extension, Horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a...
There are many vehicles for betting on the downside of the S&P 500. Various indices as well as futures contracts provide no shortage of opportunities. How one goes about playing the downside of an index is up to that particular trader. There is a rising wedge forming on the 15 min chart (don't put too much weight in low time frame chart patterns) as well as...
SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart).
Stochastic (89,5,3) is...
With an extremely weak black friday turnout this year and an already bearish move these last 7 weeks, I expect SPY to take a further move bearish next week.
Back in October 6th i said we were peaking in SPX and called it for a massive run down (see here)
I maintain this view and i think the drop will be faster than expected, 2019 doesn't seems to be good unless market recovers superior prices.
Hi guys !
A beautiful SHS is creating since few days on SPX500. Today, we are at the end of this SHS and the price hit the same support as the 29 october where there was a good bounce from there.
SPX500 is bounced from this level but we need more confirmation candle to be sure that the price won't break this suport for a big drop.
Thanks for your time !
SPX500 is approaching our first support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart) and a strong bounce might occur above this level pushing price up to our major resistance at 2683 (horizontal pullback resistance, 38.2% fibonacci retracement, 100%, 61.8% fibonacci retracement)....
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 :)
I am overall bearish at the moment. We could see a bounce in this range, so I will keep a tight stop. Targeting a pretty large move. If this trade goes into decent profit will be trailing with my stop.
