Friday's rally was strong, and although NFP euphoria fades, the Powell 'patient' remark and the resumption of China talks are very positive. An A-B-C rally takes us to the .618 retrace from the last high, which is close to the .5 retrace seen in the 20% drop in 1998, for example, and in 2016, before the inevitable double bottom some time in Q1. After that, it's...
For now im playing this setup on SPX closed my short from 278 at 268 and longed at 268 golden zone, as of now i still feel a possibility for SPX to jump to new highs of 3000 before falling off as EW suggest this is the only way to me that i can count the 5th wave in a generally reasonable way, only thing stopping this is an algo which has pulled at the previous...
Has been trading down, Down trend will continue for a bit.
Okay, looking at the SPY 1-hour time frame it looks to me as though there is a good chance that an inverse head and shoulders pattern will be completed. After a nice bounce back from the low set on Oct. 29th the markets are pulling back today for a variety of reasons. One reason was Apple earnings, another was trade news that came out which the market didn't like,...
If we see a strong bounce next week, it could signal that we're in an inverse head-and-shoulders pattern. A likely bottom is forming, good entry point.
I usually don't show what I am looking at on both sides of the trade, so I am going to start doing so in the future... Here is how I see SPX if there's a clean break above ATH and the bull run continues into the end of the year...
MACD Turning Bearish Inverse Head And Shoulder
Looking to the past, 1994-2000 Bull Market had an approx 0.618% - 0.786% Retracement, if you compare it to this current bull run that we are in, we are much due for a pull back
Hello Traders! There is the clear and pure waves count on SPY index, which has the strong bullish tendency and support the continue uptrend on E-mini S&P 500 near time. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
After a significant consolidation period rattled by trade rumors and geopolitical fears, market sentiment and optimism has increased solidified by the record low unemployment rate. All technical indicators are pointing upwards as SPY gears up to test all time highs in the coming months.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Symmetrical triangles more times than not break out to continue a previous trend, in this case bullish. Thoughts on how it might look in the days, weeks ahead.
Other than the messiness of 2015 and 2016 the 50 EMA on the weekly has been a clear indicator of market support. While people will say that we've been in a bull market for 8-9 years they often forget that protracted sideways move with significant breaches of the weekly MAs. Well we're bouncing off the 50 again or at least it seems but will it hold. I think its...
This ramp today is notable, but no different to the one after Brexit