Pattern: Channel Up on 4H.
Signal: (A) Buy either on the Channel's median or on the Higher Low trend-line or if the 3675 Resistace breaks first. (B) Sell below the 3545.
Target: (A) 3670 (just below the Resistance). If 3675 breaks target 3710 (0.5 Fibonacci extension). (B) The 4H MA200 (orange trend-line).
Previous S&P500 trade:
Pattern: Triangle on 4H.
Signal: (A) Buy as long as the Higher Lows trend-line holds, (B) Sell if it breaks.
Target: (A) 3595 (just below the Lower Highs), (B) 3485 (just above the 4H MA200).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
This is a simple chart showing the performance of the S&P500 under each President since the Ford administration is 1974.
As you see contrary to popular belief, the stock market in modern times has done (much) better under a Democrat President. Bill Clinton has had the strongest performance with more than +200% in gains from the day he went into the office till...
The chart comparison doesn't need much explaining. I compare the price action on the 1W time-frame that led to the 2016 actions with today's sequence.
Both patterns are Megaphones on a descending RSI with the 1W MA50 (blue trend-line) acting as a Support on the Megaphones late stage. On the November 07 2016 1W candle, S&P rebounded, starting a non-stop rally that...
Pattern: Higher Lows on the 4H chart.
Signal: Buy as the index rebounded not only on the former Lower Highs trend-line (dashed line), but also on the newly formed Higher Lows trend-line.
Target: 3660 (just below the 3675 Resistance).
Recent S&P signals:
Since the September 03 Top (All Time High), S&P500 has entered a volatile pattern in the form of a Triangle. The major drivers of this weakness have fundamentally been the U.S. stimulus being delayed and then the elections.
Today the Lower Highs trend-line of this Triangle is being tested. If broken, I expect the 3590 Resistance to be tested, with an extension to...
Pattern: Triangle on 4H.
Signal: Buy on the next MA50 contact as the price breached the 4H MA200 as in October 01. Also the MACD made a strong Bullish Cross, similar in strength with the September 24 - 29.
Target: 3500 (potential contact on the Lower High trend-line of the pattern).
Most recent S&P signal:
The index is trading within a Channel Down on the 4H chart and it just got rejected on the most important Resistance test it had: the 4H MA50 (blue line). Even though the 4H MA100 (green line) is in its way as Support, this rejection has the potential to end lower within the Channel and close to the 4H MA200 (orange line) just below 3400.
As you see S&P though...
Last time we saw how the 4H MA50 has effectively worked as a buy entry since the late September break-out:
The recent fall on S&P500 has panicked many but technically it seems like a healthy pull-back taking into account the very aggressive rise since October 06 that...
** The Golden Cross **
S&P just finished a very bullish week and on the 4H chart it is about to form a Golden Cross (MA50 crossing above the MA200). That will be the first time to see a 4H Golden Cross since April 15. That alone is a very bullish sign but it's not the only one we should consider.
** Symmetry on Inverse H&S and Fibonacci levels **
Isn't that true? Since the index broke above it on September 28, the MA50 on the 4H chart has been the most reliable buy entry you could get. So far (counting yesterday) this happened three times. I've mentioned this potential on a few studies with the most recent one as seen below:
Pattern: 4H MA50 rebound.
Signal: Buy as last time the 4H MA50 was tested and held as Support, a 2 month rally started. RSI and MACD are similar to that fractal of early July.
Target: 3480 (the -0.5 Fib extension).
Most recent S&P signal:
** Please support this idea with...
Pattern: Channel Up on 1D.
Signal: Buy as the price reached the 0.618 Fibonacci retracement level from its previous bottom.
Target: 3590 medium-term (Resistance) and for long-term traders 3900 (+21.90% rise from this bottom).
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Last week I looked into S&P's monthly chart for clues on the long-term trend (see chart below). Most indicators point towards a new Bull Phase despite the general bearish sentiment in the market this week.
** The 'Megaphone of Death' **
I went a time-frame lower...
it is a dangerous indicator if you are a trading a monthly swings . It lies allot :-) . 30 % picking Tops , better than weekly in some areas and
worse than weekly in others. they are competing,weekly & monthly, who is more worse than the other ;-)
wish you all the best.