SPX - a possible Correction to 2850 - 2800 is on the Table, the Setup is here. First need to invalidate the Bulls breaking 3000. gl
Technical introduction I don't know who is going to read this so I am going to be a bit more detailed than normal to explain some of this indicators. The moving average convergence/divergence indicator, also known as the 'Mac D" defaul calculations is to that the differnce between the 12 period Exponential Moving Average (EMA) and subtract the 26 period EMA. ...
SPXUSD showing strong signs of growing bear power and trend reversal on 1hr looks confirmed with 1hr support failing. Low risk short with a large upside in terms of reward. Entry and Targets on chart (Generated by TrdeChartist premium scripts Plug and Trade using TrendRider on 1hr using Aggressive mode) Stoploss based on personal risk strategy As with any...
If you didn't see the article, it's on Apple news that Tesla would be Joining the S&P 500. The article stated that a spoekseperspon from the Dow S&P Declined to comment. An analyst said that if it were to happen that the S&P would try it's best not to let it affect it's performance. >>>> apple.news Are we seeing this play out with the large amounts of volume in...
On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3226 for one pending push to new lows before a long-term sustained rally ensues. We may be contained within the highlighted range in wave (C) as the S&P is slowly losing bullish momentum, still keeping our bearish biased butterflies on SPX and RUT.
bounce now or one more drop to ~2900 before bouncing again. breaking above 3235 will invalidate the drop.
This is a pure price action post and so it is a pretty simple idea (especially for me). Price action created a local high on the 19 of Feb 2020 and then another high on the 8 of June. The second high clearly marks the termination of an impulsive move. One way to understand how price action can act after an impulsive move to to to a fib retracement. We see...
15 minute chart For day traders Break above the flag (triangle) can be seen.
Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the...
SPX500USD was rejected at 3150 resistance once again. I think if the next 2h candle will turn red, it can be a good idea to short it. Otherwise short on another test of 3150 looks reasonable. Maybe it will break it this time, but historically R:R is good here Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes,...
The S&P is holding up in this sideways consolidation pattern but daily chart shows once the triangle pattern is complete could send the S&P lower into the 2780 downside target of wave (C). We may be contained within the highlighted range in wave (C) and thus we will be keeping our existing bearish biased butterflies for the time decay to work in our favor.
The 3 wave structure of the BEAR MARKET RALLY since March lows is more clear on the Dow and sector ETFs - especially XLF. Elliot wave theory calls for going to March lows again. June 8 was the end of this bear market rally and we are now completing wave c of 2 of the larger C wave down. Minor wave c of 2 of larger C stIll unfolding higher and needs one more...
A Possible short on the spx it will depend on price action but i think this could be good for atleast a 1:2 maybe even 1:3
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Price should fall for a week and a half. This is a good trade to hold. However, be patient. #tradegang
With increase in Covid 19 cases the market experienced some uncertainty. Target is still June Low. ES came back into the range and then broke back down. Potential forecast for next week.
SPX Bias short after massive volume the last few days. Range of 3125-3225 will dictate for the next couple of weeks but bias down for now. 3000 needs to be taken out for March lows to be in play