Looking to have found a possible bottom or top depending on how you view this. SDS looks to capatilize on a bearish market. Seems a safe hedge given current S&P conditions.
SPX500 is showing clear signs of bearishness with the formation of head and shoulders tops, 2730 level being the clear resistance. We will have confirmation of downtrend underway once the hourly candle closes below 2702 support level.
I expect the market to make its move following US midterm election's results
the first alarming sign has been the short dip in the beginning of the year. With this correction the dynamic in the trend has been broken.
In the following the index managed to rise to higher levels, even forming new ATH´s - but with less dynamic. The RSI signalled soon enough that there is a divergence between the price of stock index and the strength within.
I...
Thanks for viewing. Interesting times indeed.
Apologies about the clutter, I was unwilling to remove my overlaid graph of Shiller PE - which has dropped 11% since January signalling a market turning point.
So I though I would post again with a more detailed wave count - please note I have placed a fibonacci retracement overlay for the current wave only. However,...
This is a projection based on what happened last time there was a big drop.
I am expecting 5 waves from wave A so we are still 3 - 4% above the bottom of wave A.
Last time there was a 0.786 retracement of the drop and then wave C down extended between 0.618 and 0.786 of wave A. I don't know if it will behave the same, or quite differently. But this is what the...
Last Friday an inside bar formed that was also a bearish pin bar with resistance holding prices down. There was both dynamic resistance of the 8 EMA as well as a strong horizontal level.
I di not take this trade, but I planned it out to see if the signal would play out.
It did play out.
Notice that yesterday a bullish pin bar formed, suggesting that buyers came...
There is lot of predictions and discussions about S&P500, and which direction will go. H4 chart shows book example of Hammer Candle.
Last green candle does not have enough momentum to move price higher. Then if you open long position you are in danger with you profit. Need to wait for strong momentum action.
Let’s wait and see what will happen in the next couple...
The divergence play.
This divergence is steep. Buying the close of the monthly is looking strong.
Notice also, this month is closing below 2 prior months as well.
I am 100% short.
Hello Traders,
SPX short-term Elliott wave view suggests that a rally to $2941.42 high ended black wave ((B)) bounce. Down from there, black wave ((C)) remain in progress as impulse structure. Where initial decline to $2912.63 low ended black wave ((i)). A bounce to $2939.86 high ended black wave ((ii)). A decline to $2883.92 low ended black wave ((iii)), black...
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space,
but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is.
A another chart will be released soon of today's in the comments
16% explanation -...
![SPX: [SPX] The bubble of everything](https://s3.tradingview.com/c/cyvmHyWZ_mid.png "[SPX] The bubble of everything")
