The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist. The green circle represents a period of time where I think the consolidation will come to an end. The way current conditions are, the consolidation period will come to an end between February 2020 and October 2021. We could then see a...
Jaws of Death pattern playing out on the US markets. Liquidity pumped into the system has driven the index on a fa-nominal move to all time highs. Now with a sell pivot now in place on the weekly chart and a trade war raging, the short plays first target is to the point of Control at 1806. The secondary target will be somewhere between 1237 & 950 level, which is...
As title states, key price action levels to consider with regards to S&P500
Weekly Sequentials have met a aggressive Green 13, this signals an upcoming price reversal likely to occur. This week ended concluding a reversal Doji.
Historically examining price action on S&P500, we've got one of two scenarios unfolding currently. We could be facing a repeat of Red arrows or Green arrows.
It's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
I've been racking my brain trying to get a feel for these indices after their panic dump mid-late Friday and decided to pull up an old favorite indicator to see what it was saying. Snow City has put a ton of work into this indicator and has the aesthetics looking absolutely gorgeous in its current incarnation. It happens to absolutely nail some important support...
If the S&P was going to have any sign of reversal if would have done it at the marked location on my chart. Seeing that it hesitated and climbed past that level and stopped at a key resistance, I believe it is now going to consolidate in between that key resistance and the level I have marked.
When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce. Daily MACD confirms further bearish momentum. RSI turning against. Further fall is imminent to 2400 points. Important thing to say which is subjective opinion, but previous results add weight to expertise: * S&P500 suggested retracement at the Ocotber 2015...
Since December we have seen a weak rally of price back into an area of resistance with decreasing volume. A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
Friday's rally was strong, and although NFP euphoria fades, the Powell 'patient' remark and the resumption of China talks are very positive. An A-B-C rally takes us to the .618 retrace from the last high, which is close to the .5 retrace seen in the 20% drop in 1998, for example, and in 2016, before the inevitable double bottom some time in Q1. After that, it's...
the pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short basic chart reading- good for beginner who ant study this basic chart setup
The Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart: (1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best...
SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart). Stochastic (89,5,3) is...