I am short the entire market.
What I was just told by a high level politician is earth shattering and biblical.
The USA Corp. is bankrupt. The previous president signed a new Declaration of Independence on July 4, 2020. Check his wife's Twitter posts.
The United States is now running under the original 1776 Constitution and everything that has happened by...
Hi Traders,
This is our view on this cross for the next days.
#SPX500
BUY 3775
SL 3755
TP 3845
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below.
Since the "election all-time high" just under 3700, SP500 continued its rise, but this is anemic to say the least with the index gaining around 3% in the past 2 months.
The rise is in a tight channel which for me is an indication of an imminent reversal.
A break under this channel's support can be the signal for sellers and 3500 is a very modest target for this...
SPX500USD 2021 Jan 18 Week
Widespread up bar of bar A means weakness has been confirmed.
Market topping over and broke previous support 3774 - 3784.
Resistant3 = 3864
Resistant2 = 3825 - 3833
Resistant1 = 3774 - 3784
Support1 = 3723 - 3728
Support2 = 3661 - 3670
Support3 = 2608 - 3623
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In this video, I analyse Manufacturing & Services PMI and consumer confidence data that points towards growth in the U.S Economy over the next 12 months.
Markets are continously buying the underlying shares of the companies within the S&P500 as positive corporate earnings growth in the is expected thanks to the fiscal and monetary policy support from the U.S...
S&P 500 Long Trade
Entry: $3,807.4
TP & RR: $3,871.4 (2.29)
Stop Loss: $3,779.5
REASONS FOR THE TRADE
Building upon yesterday's SPX500 trade on which we got stopped out, I am once again trying to catch a bounce up from the lower trendline in a channel.
This time the SL is set much lower and I am not a big fan of having such a wide distance, but I don't want...
S&P 500 Ascending Channel - Long Position
Entry: $3,795.3
TP & RR: $3,873.6 (3.26)
Stop Loss: $3,771.3
REASONS FOR THE TRADE
I believe the price will respect the lower trendline in this ascending channel and will continue trending up. Initially, we had the order at a lower level, but it seemed that we wouldn't get a fill, so we trialed it up.
Needless to...
SPX500 Long Position
Entry: $3,772.9
TP & RR: $3,849.1 (2.92)
Stop Loss: $3,746.8
REASONS FOR THE TRADE
SPX500 has formed an ascending channel, so I am looking to open a long order at the lower trendline. In addition to bouncing off the trendline, I also want to see a divergence in the Market Flow indicator, which will signal a potential reversal. In any...
Market will likely be focusing on the prospects for a bigger stimulus package after Friday’s employment report showed the U.S. economy shed jobs for the first time in eight months in December amid a resurgence of Covid-19 infections. A further snapshot of how the economy is performing will be presented with upcoming Friday’s release of data on inflation and retail...
OANDA:SPX500USD
SPX500USD 2021 Jan 11 Week
Widespread up bar of bar A means weakness, however let's wait for a confirmation on this.
Resistant3 = 3864
Resistant2 = 3845
Immediate resistant1 = 3825 - 3833
Intermediate support = 3803.6
Support1 = 3774 - 3784
Support2 = 3723
Support3 = 3661 - 3670
SPX500 Long Setup Idea
Entry Levels:
1) $3,785.7
2) $3,764.8
TP & RR: $3,870.7 (4.89 and 5.71)
Stop Loss Levels:
1) $3,768.3
2) $3,746.1
REASONS FOR THE TRADE
SPX500 may be due for a small correction and I want to catch the indicated level, which is a flip from resistance to support. I believe it should hold well, but what I am really looking for is a...
