Pattern: Channel Up on 4H.
Signal: Buy as the price has hit the 4H Ichimoku Cloud with the 4H MA200 (orange trend-line) and the 1D MA50 (red dotted line) right below, while the RSI reached the June 03 low.
Target: 4280 (top of the Channel Up) and if the Higher Highs trend-line breaks, then extension to 4340 (2.0 Fibonacci extension).
** Please support this...
OANDA:SPX500USD
SPX500USD 2021 June 21 (Intraday)
The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high.
Congrats to those who had not been sucked in as market was marked up and waited for a short.
Price has paused at 50% 4151 of the previous up...
SP500 is moving longer since the breakdown yesterday. If it confirms the break of the short-term downtrend resistance it could rise again.
Stay tunned!
And I just need some indicator confirmation before pulling the trigger on some puts.
I don't want to crow too loudly, but lots of crypto analysts on Tradingview and/or YouTube have been posting temperamental TA when they wake up, see a candle, and feel compelled to post an update to their TA. Whipped around all over the place as BTC zig and zagged. Many did not...
OANDA:SPX500USD
SPX500USD 2021 May 03 Week (Intraday)
Weekly, Daily - Bullish, H4 = Bearish
Last week, tradeable days were only 29-30 April as market was mostly horizontal prior to 29 April.
Last 2 bars displayed good reversal volume, let's see if this intermediate support can be an indication
of demand coming...
Pattern: Bullish Megaphone on 4H.
Signal: Sell as the price broke below the 4H MA50 (blue trend-line) and since December 21, 2020, every time the index broke below the 4H MA50 it dropped even lower to (or below) the 4H MA200 (orange trend-line).
Target: Anywhere within a -3% to -6% from the recent High. -3% has more chances as as 3 out of 5 MA50 breaks resulted...
2021 is like 73s. let's see how this play. if it went well, buy dips at bottom if you can.
1. The four most expensive words in investing are: 'This time it's different. '” So said Sir John Templeton, the legendary investor and mutual fund pioneer. The phrase contains tremendous wisdom, but only if you truly understand what it means. ... “This time it's different”...
Pattern: Fibonacci Channel on 4H.
Signal: Buy as the price made a bottoming Lower Lows sequence similar to that of January 29.
Target: 4020 - 4050 (the zone around the 1.382 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
SPX moved to test the support of the rising channel and bounced of it and the 1H 200ema which is bullish. Currently about to test the new key level before ATH. A break above the key level will probably send SPX to a new high. Otherwise it is down again.
OANDA:SPX500USD
SPX500USD 2021 Feb 15 Week
Red/Green zones = preferred entry
Grey = price rotation zones
Last week's long targets
3938 = reached
3913 = reached
Support1 = 3905
Support2 = 3885
Support3 = 3868.8
Demand has come in, will maintain long on dip as long as buy volume can be sustained,
or on rest of 3931...
Just as the title says, the market is feeling toppy here (the past 3 daily closes looking a bit like 3 black crows). We are coming into some serious psychological resistance around 4000
let's take advantage of some of this volatility! Depending on how futures play out tonight, I will very likely open some 0dte puts tomorrow (Note that if you were in the money on...
