$SDS $SSO #SP500
This is just monthly chart relevant to my previous post
Trajectory lines haven't changed with tons of support #SP500
Opposite of Pundits. US vs Everybody $SSO $SDS $SPXS $SPXL
So far all ideas have worked out . In just 48hrs ago a long, 12hrs later reversal short later structure of s&p500 which played out perfectly. So far all S&P 500 have worked out. I have looked at the price action on it once more. We could be getting in to a small get another bull as projected.
Last long played out perfectly. This is an idea for a possible short in the near future. One has to watch price action to determine its validity. The resistance ahead could end the small bull and cause a short term reversal.
New down trend with black line as resistance line. Still it's down slope. Solid green line is still acting as support line but once it breaks after 11/04 we can go short fully. Looks like start of a new bear market.
**** SPY ELECTION 15 MIN CHART****** LOWER LIMIT SUB $208 Upper limit max $212 Solid Yellow line is the new resistance line. Green solid line will act as new support. Blue horizontal line is election day. In election day or pre/post we are expecting swing both upside and down side. But heavy on short side 60% and 40% upside. Swings will take place on both side...
RSI showing signs of support and wedge ready for a breakout $UVXY $TVIX
After some break from the market am back again. Well market is developing. the RED and GREEN LINE is parallel trading. So as long as the price continues we can trade in a channel. When reaches red line go short and when it touches green line it's a buy. Pink line will act as a support line too. If price breaks the Thick black line then it's a confirmation to go...
ONLY GO LONG: Well this is a 3 hour chart. If SPY 1) If Breaches the Deep Blue line at the top and 2) also at the same time crosses the Red resistance line on the side and 3) stays above the Black Support line =only then you can go LONG. Otherwise remain short when chart looks viable.
Not much support below 20 day SMA IMO. This long term consolidation has created a huge resistance and suggests this isn't recovering soon.