I just don't get it, we currently have:
Gold at the all-time high
Buffet indicator is at the all-time high (because of a huge GDP drop in Q2 )
But we're only 3% below the all-time high on S&P and VIX is at the lowest levels since Feb.
Something is wrong here, I think we should definitely see another correction. V-shape recovery is too easy for these...
The TIme is running and SPX is heading to a possible TOP to finally start the Correction. Waiting for a strong reversal SIgnal to get in that short.
No financial advice, only my idea
Title says it all. This is a very small timeframe and so I generally don't put to much stock in it but given the awful fundamental environment filling this gap does provide a very technical entry hoping for over performance. Lots of bearish divergence in this top as well. Please see the linked post for a wider view on the markets.
I have been looking at the 2020 open as a key level for a while now and in contemplation it appears that it has provided the resistance for the shoulders of a head and shoulders. Full performance would get us to this rising wedge I have also been looking at. A wider shot sees price action at the orange wedge resistance for the third time for a wedge drawn as...
Spx been giving me lots of mixed opinions, with current state of market,fed printers and vaccine news, getting to 3400 is very possible in around september. What concerns me is that charts imo look very bearish,spx barely staying on white TL, MACD bearish cross and RSI, we may even see gap will down to 2800. Overall i'm short because i strongly believe that fed's...
Everything on 3day continues to shoot green across the board on the spx500 with nice size candle.
Since recovery we have only had one major potential transition (green arrow)
All indicators have nonstop continued to go green.
The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff...
This will get fun.
#SPX500 (Update)
Forming Rising Wedge Pattern in 8h TF Chart. (Expecting One MORE Higher High Before Crash)
If Wedge Broken Downside, target Would be Major Support Area (2980)
Wait for Reversal & Wedge Downside Breakout..!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments...
Hey guys, ok? A great weekend everyone!.
Be very careful guys at the S & P500. 9 is a very high trend change indicator.
Fundamental Analysis: The post-corona pandemic is just beginning.
To my friends from Brazil. Ibovespa is currently well connected with S&P 500
Leave your comments
A very important Resistance Zone for #SPX500 could be the beginning of a good short trade to do within the end of the week.
Entry 3145
SL 3157
TP 3112
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Trading Kitchen
Could the SPX retest Feb 20’ high at 2400? On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3304 for decline into wave (C) before a long-term sustained rally ensues.Wave (B) resistance at 3304 acting as Resistance. On guard for a possible top.
got in at 3270.68. To get out and go long at the retest level of the early June highs of 3235. Which is also the .618 fib level of the most recent wave. Looking to set up nicely.
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows.
📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
SPX500USD SHORT TRADE MARKED ON CHART
SPX SHORT TRADE MARKED ON CHART
GOOD RISK TO REWARD TRADE. LIKELY TO FAIL AS THERE IS A LOT OF SECTOR ROTATION AND NOT VERY CONFIDENT THE TIMING IS RIGHT.
I AM ENTERING MY FULL POSITION AS THERE IS GOOD REWARD IF IT WORKS.
PLEASE DO YOUR OWN DUE DILIGENCE AND ANALYSIS, TRADE AT YOUR OWN RISK
Hello guys,
Technology: Tech is going crazy, coorporations are raising a lot of money without being profitable we will see a big correction in the next months.
Traditional markets: Traditional markets are super hard hit by COVID19 and we will see a big sell off from traditional investors to buy in low levels. This is an unreal push up to sell their...
SPX does look very bullish under the (1/1) Gann line, in an attempt to reclaim it.
It is comparable to one of the alt coin market charts i have made.
Seems pretty destructive of logic. Honest
