By Andria Pichidi - March 21, 2019
For the second time in March, European stock markets are heading south in the wake of the Fed’s dovish turn, something that could provide Support to the stocks.
The Fed kept rates unchanged as expected, however it lowered the boom on its policy path, flattening the “dot plot” aggressively to a leave zero median for 2019...
Ever since the 2700-ish,
+ 80% of the posts here talk about shorting. And I do agree
Divergence, the upcoming stock buyback blackout period, the 3 week of march is historical downtrend, overbought etc etc.....
What is it doing going up? I just need some support :)
The market made a good upward movement, and it looks like we should be ready to see a correction soon. The market looks overbought, and we have a bearish divergence. If the price can break the uptrend line and drops below 2800.00 support level, it will be a confirmation for further downward movement. It will be possible to open short trades with stop orders above...
S+P 500 Line/Break Daily Chart continues to defy gravity,
as it lifts towards it's destination point at 2872.87,
to complete a massive Head and Shoulder's Reversal Pattern.
I have been writing about this possibility here on tradingview.com,
and today's almost straight up rally, perverse as it may seem to a majority
surely has caught sizeable bear capitulation,...
This serves as a supplement on my analysis:
SHORT: BEAR pretending to be BULL?
The S&P 500 rallied by about 25% since bottoming on December 24, 2018 during the Q4 2018 financial market turmoil.
From the depths of despair, the market has climbed higher because the Federal...
H&s pattern playing out as expected so far! we are very close to the left shoulder top which also happens to be the FEB 2018 Peak before the massive dump
Custom Index Price - Volume Leaders and Laggers ... vs the Market (SPX)
Custom Index based on data retrieve 21 March 2019 - Top 5 Stocks Leaders and Top 5 Stock Laggers...
Data from : www.barchart.com
I may be wrong but he only clear lines i see are an expanding triangle.the market keeps failing every time it tries to sell.looking at MACD ,looks like markets will not have a sizeable downmove till we at least touch the upper trendline. this is the weekly charts looks like markets want to try 3000 in SPX..i am open to anyother count or view.
Dovish FOMC statement has led DXY to Drop down to 95.7 and break the bottom line of the channel . It's believed that after pullback to bottom line of the channel which has happened , is appropriate time to having short position ...............
DXY : Sell
T.P : 95
S.L : 96.7
Daily S+P 500 Line/Break Chart shows an important sell signal
would be trigured on a close below S+P 2810.62
The Fed highlighted at their March meeting yesterday the growing softening in world and US economic conditions,
by remarkably saying that there would be no further interest rates increases for the balance of 2019.
The complete turn around in Fed posture...
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