TD9 Sell on the 1h. Bad news bears the name of the game this week. Be careful, smaller position sizes are recommended most likely. Let’s try to scalp SPX =) GL Traders
Have a great day
Third attempt to break 38% of the fibonacci retraction line without success for SPX500 SPX SP500. It seems that between 50% of the fibonanci retraction line at 2722.15 and the previous retraction and at the exact point of 2864.34 it is being a strong accumulation zone.
It looks like the index is going to retest the former top as we got here the consolidation and not an impulse down as was expected before as retracement prolonged. Option 1 (blue) - we can see simple ABC 3-3-5 and A-B parts are done. Option 2 (yellow) - we can drop one more time in double (WXY) or even triple three (WXYXZ, not shown). The distance of the first...
The price is stuck inside the symmetrical triangle. Breakout upwards leads to the growth; breakdown downwards leads to the fall. Taking into account that the support is much stronger than resistances, we can expect a breakout of the second. Anyway, if you trade this asset - enter a position after breakout retest.
Have a great day
Have a great day
Hello Traders - you may have caught our scalp on SPX the other day, shown below. Once again, a TD9 signal on the four hour appears at a critical juncture for SPX, and there seems to be potential for a bounce here. In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback. Keep...
SPCFD:SPX failed to break the resistance and also it broke out of the trend line next level support @2519.0
US getting out of lockdown... NFP this week... is this the time?
For better probabilities wait that the ascending wedge is broken
Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction? I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still...
Hey guys, Please support this idea with a LIKE or COMMENT if you find it useful. After an in-depht Analysis of the SPY and the Big players with the biggest Market Cap, i would like to share this with you: Today we saw a little Market weakness from AMZN, GOOGL, SHOP, NFLX,FB with a little sell off after we hit the overhead resistance. But the SPY seems strong and...
I haven't been the best at naming my SPX/Eurodollar posts, but it seems that this is my sixth post on the matter over the last yearish. So far my most accurate calls on a macro level have been using the movements in the eurodollar to predict what will happen with the S&P and therefor the broader market. I am going to start on the S& 500 and it is just going to...
As I published an early forecast on my channel (Tuesday 16th Apr.); This week we are expecting some evidence for the starting of the (possible) 3rd wave; Which has the potential to go to break the 2000 handle. I will update this idea when I found a nice trade setup. 💬 Please let me know your perspective on this Happy Trading & stay green! ...