Traders, Look at the thick Exponential Moving Averages (EMA's) on the daily chart. They are crossing and looking VERY bullish. The Red is 50 EMA. The blue is 14 EMA. These indicators are EXTREMELY powerful. A cross to the downside is referred to as the "Death Cross," but there is no general name for when it crosses to the upside. We'll just call it The "Bullish...
SPX500 playing out as planned. the bounce was bigger than expected. Break down of this few month triangle could be the signal or a larger market pullback or bear market start. overall market is sideways until then
Traders. Side by side you'll see the daily chart of the two most liquid markets in the world. The S&P500 and the Nasdaq. With these charts I'd like to say Thank You for those of you who helped me realize my true trading edge is with these indexes. My win/loss ratio has improved greatly and I'm able to handle my trading plan with discipline. Its safe to say...
4 hr chart. Market seems to be creeping its way up. Looking for one more ride up then down after resistance to confirm the triangle formation and possibly new lower lows.
Gotta love the man Tone Vays, I listen to him ramble almost every day. One thing he's mentioned a couple of times, is that double-bottoms are meant to be broken. I'd already have shorted this shit at 2700+ (see prior post), but let's see if old Tony still has it. I haven't heard him comment on the SPX recently, he's been bullish this year as far as I know. This is...
SPXU GoldMine---Shh... Daily Chart. Short-Term Trade Idea. Long Play on SPXU. SPXU is an inverse ETF of S&P 500 and has been in a downward trend for almost 10 years (since 2009). Makes sense as the S&P has been in an upward trend since the great recession in the U.S. However, SPXU recently broke out two times this month with volume confirmation each time...
With only 16% of bulls left, SPXUSD, NSXUSD and US30 find themselves at November 2017 levels. The decline was expected however the speed of a flush was really impressive! In this video we will try to see if the panic selling keeps on or bulls may finally have a relief.
The Global Stock Market's Monthly RSI is Hitting a Top in an Overbought Position. This is dominated by US equities. There is no etf to short this index in my 401k. I am currently short one Dow future. Trying to short the US market has not been very rewarding so far. I will start shorting it more going forward. I watched my 401k fall a lot in 2008 and...