It's quite simple to see what SPX is doing. No clarification needed.
Read an article this morning on how tech companies having many european constituents are lagging in decline of their stock price compared to tech companies having many chinese constituents by about 4:1. The article argued that the timing of this lag could result in a disastrous tech bubble here in America. This inspired me to checkout SPX in terms of euros, i.e.,...
Update to previous linked idea.
Looks like a good indicator of past major drops. Why Not for today?
While the large-cap stock indexes like the $SPY $SPX $QQQ $DIA have been running higher, they are now at resistance and should stall out or at least slowdown. Small-cap stocks have been building a base for a mega rally that could make the large-cap run look like chump change! See more analysis on the small cap sector: www.thetechnicaltraders.com
Cycle from Dec 26, 2018 low in S&P 500 (SPX) remains in progress as an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (4) of this impulsive move ended at 2722.27. The Index has resumed higher in wave (5) with subdivision also as an impulse of lesser degree. Up from 2722.27, wave 1 ended at 2852.42 and wave 2 ended at 2785.02. Wave 1...
These morning gap trades happen nearly every week providing a steady stream of winning trades.
Lots of intraday pivot lows that will trigger strong sell-off today if price starts to breakdown.
VIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
Nothing super mind blowing, just some notes
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
If we see some follow-through selling this week to break the first red dash support level it will spark the first high volume wave of selling and vix spike.
Opening Gap Signals Market Top For Swing Traders
Broad market setting up for another leg down after this week's short covering pop and overly bullish sentiment. See More Videos at www.TheTechnicalTraders.com
$spy $spx $es_f $spxl $spxs possible diamond on the 60min-hard to trade. No idea where the turning point is..waiting for confirmation
Got the bounce kind of in no mans, or womans, land. Is it a C or a 3? will have to wait to C...see. Price action channel and an EW channel within to project the 4. Is the scary correction over? We will have to wait and 3...see...dammit.