Pattern: Channel Up on 1D. Signal: Bullish as the price is trading on the pre Higher High, consolidation fractal (blue Rectangle). Target: 3030 (the projected Higher High (B)).
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
After a strong rally to the upside it's hard to see price moving downward, afterall we've bean hearing a lot of possitive news througout the media. But as a trader aren't we supposed to be contrarians? Well after looking at how today ended It could be hypothesised that the stong move to the upside has calmed down since bulls failed to break through recisstance and...
S&P 500 is showing a signal that is very similar to my other idea published about the US30. It has broken through a descending resistance line and is looking good for a long position.
The Main reasons to think that a bearish movement is about to star are the next ones: A) Same situation than the bearish movement in October 2018 observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario. B)The current Technical situation on the 4hs Chart: -The...
Over the last 7 years, S&P 500 has respected EMA 200 + long term diagonal support; with very similar touch-points. There is currently a challenging double top in the 295 area which might push the price down to consolidate between 257-295. The current channel is between 273-295 which if you want to profit, you would want to zoom-in a trade set-up with a lower...
Puede que el crash ya haya empezado! / Maybe the crash has already started! Los últimos serán los primeros... / The last will be the first ... Si corrige puede que lleguemos al nivel de los 2570 puntos. / If there is a correction, we may reach the 2570 points level. Debería ser así por la clara divergencia entre el precio y el indicador RSI. / It should...
Pattern: Head and Shoulders on 1D. Signal: Bearish (break out of 2800 and 2785). Target: 2755.
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price broke out the bearish channel, starting a bullish movement. -Currently, the price is inside a corrective structure and is trying to break out with low volume. -The las support of the price is the middle trendline of the weekly ascending channel. Based on this if the price breaks out below 2834.0...
On today’s post, we are going to have a look over the last 16 days when the SP500 started a bearish movement. going from 2961,5 to 2799.0 (-5,44%) - We can see that the bearish channel that works as the main trend was broken yesterday starting a corrective structure that now is facing a major resistance zone - That zone is composed by the previous ascending...
AMEX:SPY is a very strong short. I consider this a perfect setup with very little risk in terms of loss and probability. Buy/Sell Signal: SPY is the ETF of the S&P500, that's why I will look at SPY in my analysis. The S&P had a major run-up since the crisis in 2008. In recent months, it is struggling with among the 300 level. Since the beginning of 2018, the...
4H CHART EXPLANATION As we explained on the Daily/Weekly Analysis, price is on a Strong Bearish Zone, a confluence of: -Daily Resistance zone (Possible Triple top). -Wedge Pattern showing weakness of the Ascending movement. -Pullback to the broken Daily Ascending Trendline . -Bearish Divergence MACD . We expect a Break out of the Ascending Wedge Pattern...
The index is trading within a 1D Channel Up that is currently on its Higher Low zone (RSI = 53.748, MACD = 22.840, Highs/Lows = 0.0000). The fundamental environment may be largely negative buy purely from a technical standpoint, the 2,780 - 2,790 is an optimal long opportunity. TP = 2,849. ** If you like our free content follow our profile...
S&P 500 index pretty much peaked on 2734 previous value. Now, made new high in a form 2856 peak which is nothing but new high which will hardly be surpassed now. Stoch RSI confirms bearish momentum and projected bearish crossover. I personaly don't see these price ranges sustainable in this form on this price range and i would suggest selling a position on...
Fundamentally the Fed made clear this week that it is as their outlook doesn't include any hikes for 2019. From a technical perspective we also believe there is a strong possibility to see 3,000 by this summer. We see a similar pattern behavior to those of June/ July 2018, when the index was rejected on the previous Double Top but found the necessary Support to...
Hi traders. A bit early but we need 2 keep an eye on it. drive safe
Pattern: 1D Channel Up. 1W Resistance/ Support. Fibonacci levels. Signal: Bearish after the price was rejected on the 1W 2820 Resistance and the 1D Channel Up broke the Higher Low. Target: 2700 (2630 only if the correction to 2700 takes place inside 1 week).
S&P500 has been on a very strong bullish trend since the bottom made in December. On 1D it entered a Channel Up (RSI = 65.879, MACD = 44.180, Highs/Lows = 4.6120) that recently approached overbought stochastic levels. The first bearish signal was the break of the Rising Wedge's supporting trend line that holds since the December bottom. If the 0.5000 Fibonacci...