My lines to watch that i gave you earlier this week are STILL holding and STILL in play. Use them until they don't. Remember KISS (keep IT Simple Stupid)
It works/Helps until it doesn't then you must pivot and adjust. Until then use what works and #KISS (Keep It Simple Stupid). I think the breakout one way or the other is close. Adjust accordingly.
uvxy is trending down and actually rose slightly against trendline resistances. I'm shorting into the close.. there is a bullish cypher set up, however im short C leg to the D leg of the cypher pattern Target $4.75
Pair : SPX500 Index Description : Break of Structure Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement Divergence Impulse Correction Impulse Bullish Channel Consolidation Completed " ABC " Corrective Wave
$SPX has huge volume today & it's getting close to a major support up trend line. 3800 level is good support. Has held this area many times. RSI looks good Inverse Head & Shoulder pattern. I know it's hard to be anything but negative but all is not lost hope yet.
hi traders! In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come: In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping...
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
There be no bears here - only bulls! TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance. When bears become dominate, inverse ETFs become profitable. SPXS: Entry (Stop-Limit) - 20.45 Stop Loss - 18.85 First target - 21.36 (+4.6%) Anticipated target - 23.57 (+15.27)
Pair : SPX500 Index Description : Bearish Channel in Short Term as an Corrective Pattern Exp FIAT Buying Divergence Bullish Channel in Long Time Frame as a Corrective Pattern and Rejecting Previous Resistance Level If it breaks the Resistance Level and Retest then Buy Break of Structure
Let me know when we leave this channel should be the outlook for most. Until this happens you have a rather seesaw short move market channel, we are residing in. For the more active day traders and scalpers there is plenty to love about this. However, for the long-term investor You should wait and see which direction this is going before truly feeling any sort...
Pair : SPX500 Description : Completed the Breakout of the Upper Trend Line of Bearish Channel as a Corrective Pattern in Long Term Divergence S / R Level Elliot Waves - Completed " 12345 " Impulsive Wave and " A " / " xyz " Corrective Wave
I say watch the yellow. I understand it was HUGE that we broke through the trend that was highly compressed everyone's been watching on the tops and peaks and now that diagonal line is broken. However, I'd argue that this other diagonal as well as the Horizontal near it also may cause some near-term Resistance. however ultimately, I'm ok with the UP and called...
SPX approaching a downsloping resistance. It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move. Lower high after lower high is suggesting downtrend continuation. Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right...
My projection for SP500. I am currently in for 2 shorts with one already smashing TP! Multiple ideas to give you the best overall understanding about what could happen in the next couple days. Happy Trading! DavidBTrades
After this weeks bull run SPXS took a big hit. We are looking for strong support to build once this weeks news settles the markets.
SPX - We are still within the range! SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward...
Pair :- SPX500 Index Description :- After CONSOLIDATION Phase it made a Long IMPULSE Move in Long Time Frame We also have BREAK OF STRUCTURE In Short Term we have Corrective Pattern " BULLISH CHANNEL " we need to wait until it Breaks the UTL or LTL We need Strong Rejection / Breakout from DEMAND / SUPPORT then we can have a Clear Direction
#SPX500 Completed Impulse Correction and Making Impulse Again Rising Wedge as a Corrective Pattern in Short Time Frame #STF and Breakout the Lower Trend Line #LTL and Possible that it will Complete its Retracement at Fibonacci Level - 61.80% Completed " ABC " Correction and " 1 " Impulse Wave