Hello Traders and Investors please watch this video carefully to fully understand my trading idea in the S&P500 and conditions to setup and stay in this trade.
It doesn't mean that this EW-Count needs to play out (wave 4 could already be finished). However I am just taking this into assumption as another szenario, in which the corrective wave 4 is still going on and plays out as a more complex and streched out structure in time. If this is the case, then it could be looking something like this. Also note how the wave 2...
It appears we'll be starting the Wave 5 impulse downward soon. Timing is not my strong suit, so depending on how the president tries to manipulate people, we might not see it until next week, but it seems inevitable. I'm holding my long in the VIX with a target around $28-30. Personally if it doesn't start tomorrow, I'll be loading up more on my VIX position...
The SPX could be forming a flat or expanded flat pattern (as shown). Hence, it might go up for a few days before continuing its fall. This is just a short-term forecast. The long term forecast remains the same as in the previous update (link attached).
Very BEARish on the S&P right now, and really all major indexes, especially the Russell and Nasdaq, but I mainly play the S&P through the VIX by buying leveraged VIX ETF's like TVIX which gives you 2x. If we break 2890, we're going down to 2740 next to finish the bearflag measured by the vertical yellow line. (note: I'm in hard bear mode and do hold a bearish...
Depending on how the markets open and futures go over the weekend, we could buy right here on the .618 fib level and bottom of the triangle. We still have to finish the C wave correction, so we need to see this triangle hold. If it doesn't we could be looking at the $15.51 support for our next target because that would be a 1:1 ratio ABC correction
Visa became today the largest S&P500 company to hit new All Time Highs since the May correction. 1D is on very healthy bullish levels (RSI = 60.091, MACD = 0.770, Highs/Lows = 1.7236) to ensure further uptrend. What is particularly interesting is that the price action since early May is identical to the January - April 2018 candle sequence. Even the RSI pattern...
With SPX approaching its All Time Highs (ATH), having risen non-stop on the 1M chart since the December low, we try to answer this question: How SPX behaves near its All Time Highs? In this attempt, we thought it would be useful to back-test two long term periods, which share remarkable similarities: the 1966 - 1990 period with the 1998 - 2019...
Part 2 Chart illustrates the identical analysis pattern that has occurred in 2008 repeating itself again, utilizing different set of indicators from Part 1.
Chart illustrates the identical analysis pattern that has occurred in 2008 repeating itself again.
As per Fib.Extension Dow Jones Index Breaks the 1st target of 24324 next target is 25380
US markets have rallied tremendously over the past month. We have increased steadily at a very fast rate, however we cannot go up this fast forever. 3 touches of the red ascending trendline confirms it as a support. Once price breaks trendline and bearish PA is confirmed, I will short heavily. US markets have been propped up after end of 2018 sell-off due to...
The market entered an important zone of resistance, formed by important support levels in the past. It is also failing to break through the 180 MA, where it has been rejected many times during this recent downtrend. We have also formed a double top, with bearish divergence shown on the RSI. As soon as we break resistance at 6530 with force, it will be a good short...
Levels mentioned on chart. (Trying to post a day trade for the first time) Hope the lag does not affect the idea.
Sun 09.Dec.2018 12:13 Ticker: SPX LAST= 2,633.08 S&P 500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Thu 06.Dec.2018 at 2,621.53 forming a triple lows formation at around 2,635.00 level and continue to be within the channel formed since mid October During the next few days the price is expected to go down...
We are averaging our derivative positions for the next few months when the RSI crosses the 51 level on the DJI weekly chart. We will only cancel averages if prices stay longer than 3 days <24k. The inverted shoulder-head-shoulder pattern can be seen in most world indices. I take this opportunity to reaffirm our outlook for the markets in the coming months,...