Chart is clear. Elliott is completed. ready for targets on the chart
Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here: www.tradingview.com Wanted to build on that with my own 1W breakdown. As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture. After doing this exercise, I'm even more convinced of the coming June...
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start. Like if you wish to support my work! 10 & 50 moving in parallel about ~7 degrees below the 200. 100 moving ~15 degrees below the 200. POC is converging beautifully...
My original SPX idea still holding beautifully. This thing is wound up beyond belief! Don't expect the market to crash next week but the slide should begin and if all these trend channels hold for another 10 candles (I'm on the 4h), then it's definitely going down the first and second week of June. Get your shorts in this week!
We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951. We want to see the old Resistance become new support for a trend continuation upward for the bulls. The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is. I'd look to find a long term position on a...
Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast. Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least. Green lines are support but decent chance it'll...
Let’s take a step back. What do we see on the bigger picture? Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months. What did we see in those five months? Very quickly declining buy volumes. What did we see after there where too little buyers left? A correction downwards lasting...
So my bearish bat is still holding for the moment. Looking at the weekly it is likely we will test the 50MA as support flipped to resistance. This will also coincide with overbought conditions either this week or next. Then we will head down.
The Bollingerband traditionally has a lookback of 20 periods, and that coincides with a common moving average length of 20 (sometimes 21). SPY price action has gapped up and stopped right at that baseline, or the 20W SMA. This is very much a do or die circumstance for the market. If the baseline asserts itself as resistance we can expect a very painful...
We are watching this compression point currently under this horizontal Resistance level. Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line. We hold that as bearish movement. Would like to see it crack and have a nice Retracement. 50% short. Playing roughly 3%...
We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you...
We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you...
We are looking like retesting 200MA as support flipped resistance before we head back down.
We are approaching an exciting moment. A big battle in the far right corner, with SPX retesting the support line it broke out from last week, and meanwhile finding support on exactly the same level on the trendline going from the low late march to the recent low’s early may. A downwards trendline. An upwards trendline. Colliding. And that exactly on the 2900...
Price is floating around the highlighted area, once broken it will fall to highlighted support or even lower Divergence is spotted on weekly / monthly and daily... Market Collapse in bound.. ;)
The big picture clearly shows that ES could not get back into the trend. We can expect sharp down movements. I have market the middle of the trend line on the chart. That's the most important support. Disclaimer: This is not a financial or investment advice. Remember to follow me Stay healthy, Trade safe... Atilla Yurtseven