Unable to cover the losses of last monthly candle and on a very important demand supply zone,low volume push,had to short it here
Look above 200 day SMA and fail? Just a guess for now. Don't act premature. Market Breadth remain positive. However, if we dare predict, then, expect a look above 200 day SMA and fail. If so, next test of the Dec-18 lows may be steep down to around 2429. Not expecting lower lows any more.
Not financial advice. Crash into October 2019. Who even knows where we'll end.
Uptrend to continue into early Feb? Look above 200 day SMA and fail as it did in Oct, Nov and Dec 2019? Lets see.
Watching for a pullback to previous resistance as new support to set a higher low for a continuation of uptrend.
S&P 500 Index may close higher by month-end. However, the third wave up may fall short of its 200 day SMA this month. If we do close higher this month, then, wave iv should start somewhere in first week of Feb-2019. Lets see.
Not financial advice. Carry trade unwind 98 first target October 2019
I know I'm sharing this chart a bit late since it's obvious to many now (if not, I hope you've learned something), but I am sure many market movers already knew about it, so it's no secret otherwise it wouldn't have happened. Market timing is sometimes possible when everything lines up well ... The next step is knowing how to perform this analysis in real time on...
Head and Shoulders on daily timeframe Potential C of ABC on weekly timeframe
SPX500USD Trading Bias: Short Technical Strategy: Harmonic Bat *Wait for price to reach to the sell zone*
Going through waves on lower TF. enjoy! Cheers, Keops
SPX500 is approaching our first resistance at 2556 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance) and a strong reversal might occur below this level pushing price down to our major support at 2326 (61.8% Fibonacci retracement , Horizontal swing low support). RSI (21) is also approaching its resistance and we might see...
Statistically, I'd expect some sudden sharp upside moves and many gap fills to happen by approximately 6 months. When the market can trick a maximum number of traders, then it will trick the maximum number of traders. The Big Short may resume right after, if this year happens to be THE year.
Price has hit a strong resistance area in a downtrend making lower lows & highs. Counter trend line breakout, now waiting on a break of the consolidation box region along with minor support for price to move back towards the major weekly ascending trendline. Downside will lead to a continuation of Yen strength..
Made newer lows from end of last year and we're now retesting a previous low. SL: 2540 Entry: 2515 TP: 2415
SPX500 is approaching our first resistance at 2529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback resistance) and a strong reversal might occur below this level pushing price down to our major support at 2326 (61.8% Fibonacci retracement , Horizontal swing low support). RSI (21) is also approaching its resistance and we might see a...
Price has made a sharp rejection to major weekly support, along with the ascending trendline, & bulls are still hanging on. A recovery will lead to a weaker CHF & JPY & Gold, & strength will move to AUD & NZD..