Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here: www.tradingview.com Wanted to build on that with my own 1W breakdown. As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture. After doing this exercise, I'm even more convinced of the coming June...
Price looks to be correcting for the next move up. Looking for a short term sell
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start. Like if you wish to support my work! 10 & 50 moving in parallel about ~7 degrees below the 200. 100 moving ~15 degrees below the 200. POC is converging beautifully...
My original SPX idea still holding beautifully. This thing is wound up beyond belief! Don't expect the market to crash next week but the slide should begin and if all these trend channels hold for another 10 candles (I'm on the 4h), then it's definitely going down the first and second week of June. Get your shorts in this week!
Hello, my friends! 🙌🏻Here is my vision of the next price movement of S&P 500. 💥 You can take a look 👀 and write some comments about it! Are you agree with me?🧐 If you have a free time, you can read my EDU posts. Links below👇🏻👇🏻👇🏻 Stay in touch💋 Your Rocker Bomb🚀💣
We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951. We want to see the old Resistance become new support for a trend continuation upward for the bulls. The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is. I'd look to find a long term position on a...
SPX Short Bias Remains.. 13:27:23 (UTC) Fri May 22, 2020
S&P 500 Index (2H) / Three Elliott Wave Counts
It looks like a make or break for later, unless the Fed finds a way to fight the barrage of news that China and Hong Kong has been throwing out. 🙃 It's either the end of the corrective wave (ABC) or an ongoing impulse wave (proceeding to wave 4 or it's trying to pull off an extended wave 3)
Hi tarders i will look to sell the rallies with first target @ 50% retrace @2870 area Drive safe
Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast. Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least. Green lines are support but decent chance it'll...
Let’s take a step back. What do we see on the bigger picture? Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months. What did we see in those five months? Very quickly declining buy volumes. What did we see after there where too little buyers left? A correction downwards lasting...
A quick view on the SPX500 future shows something interesting. It is not rock-solid analysis, but just something fishy that caught my eye and I want to share. Discussions are welcome. In the last week, we can see two interesting phenomena: - Big downwards price moves happen with big volume, mostly day time activity(blue) - Big upwards price moves happen with...
In addition to yesterday’s post ( ) here is my medium-term view on the situation. I wish we were in a bull run… but we are only in a short-term bull inside a much bigger bear market which started in 2018 (yellow trend line I know that trend lines in a descending market must be drawn on the highs, but not possible due to the megaphone pattern) – note also the...
Here is an easy ta from SPX 500 for next week. Like my last report about SPX I want to show you support zones, resistances and price targets. Ill try to keep it short and simple. Last weeks market was driven by tech earnings , Fed decision and reopening economy in US staates. That pushed SPX up to 29 resistance. Now you can see profit taking and as well...
Just a theory but the last three days have been a pump before a huge drop tomorrow. Pump on 8 healthy people out of 45 having more antibodies. Trump through Saudi Arabia pump. Pump from Pastor Powell during his 60 minute interview on Sunday. "They" knew market would drop during/after G7 meeting tomorrow and Powell testifying in front of the Senate. The fed...
SPX saw huge move up today back into the supply zone. This zone also lines up with the 61.8 Fib which has been a notable reversal level. I am expecting a move down to the demand zone.