What's next on #SPX500? First of all: to be honest, before today we were pretty much sure it would reach 3000 Area. Now, something is changed, obviously. As the bullish trendline was broken on 2900 we turned our trades on a short view and we made a very good profit, as you can see on our free Telegram Channel but once broken the important level in 2830, we...
We are watching this compression point currently under this horizontal Resistance level. Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line. We hold that as bearish movement. Would like to see it crack and have a nice Retracement. 50% short. Playing roughly 3%...
I see the moving average ribbons like a flag, they fly open and boldly either bearish or bullish when are full stacked one way or the other, or when the trend is at risk of changing they furl up and get twisted up. The weekly Madrid Moving Average Ribbon has begun to furl bearish but has not completed the bearish ordering of price action below the ribbon and the...
We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you...
We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you...
Bullish: 5 waves off the lows; Some huge caps are bullish (AMZN, GOOG...); Prices squeezed between the daily and 4H Vegas waves and still not dumping; Hidden bullish divergence on the 12H RSI; Daily RSI bear market resistance around 50 seemingly reclaimed. Bearish: Geometry is horrible (upward pitchforks median lines untouched, prices channel well); Volume...
SPX IS SNCE CORONAVIRUS QUARANTINE CORELATED SINCE FED IS PRINTING MONEY EVERY THURSDAY TO BOTH INSTRUMENTS, CURRENTLY PRICE SITTING AT BOTTOM CHANNEL+ DAILY EMA pRICE BROKE LOWS WITH BEING BELOW 200+50, POSSIBLE LH TO SELL, IF CURRENT LOW BREAKS WITH THAT DAILY EMA+CHANNEL WE SHOULD CONTINUE LOWER
We saw last week 2950 was a super strong resistance. We tested it three times in a few days. This level coincides with the Weekly 200 EMA and the 100 Daily EMA. Also it has been a strong S/R historically. After being rejected for the third time, SPX lost it’s support and broke through the support trendline formed by the early march low and a low early may. This...
We're finally nearing the completion of my bulltrap forecasts, and unsurprisingly, the market has chosen to draw it out as long as possible to the intersection of the previous lower trendline (dashed line) and the upper bearish trendline. The market laid out a nice bear trap by breaking below the previous lower trend line early, before opting to grind and re-test...
Yay! MACD has turned over on all charts but the daily, though it is in the process of turning over there later tonight. We've been in an ascending channel since March 23rd and we broke through it today finally. Money is flowing out of equities and into bonds which may be the gust of wind needed for this fundamentals domino set-up. 2880 was and is an important...
This is Analysis of a trade I have been watching since April 27th. I used the SPXU to make the bearish trade so it's hard to tell exactly where I got in but it barely missed my stop loss and now is in profit. I think we will see a new swing low around 2500. I'm basing this alot on fundamentals and white house conferences. It still does not make sense for the...
I have seen a couple of posts showing the current formation drawn as a symmetrical triangle, and that simply isn't the case. This is a descending triangle and the target gets the price action below the long term black trendline. The monthly chart shows the situation quite clearly, and the situation is bearish. The S&P is staged to dump, paper precious metals...
X Force Global Analysis: The S&P500 index has been showing a clear bull trend for the past few weeks. However, as the "V" shape recovery takes place, we witness a weakened bullish momentum, and a probability for a corrective trend to take place. In this analysis, we explore the bullish and bearish technicals to determine the probability of a correction. ...
We are looking like retesting 200MA as support flipped resistance before we head back down.
SPX500 is possibly finding support above the channel upper boundary line. Lets wait and see how we close the daily.