S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).
We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
As you can see, this index will continue moving lower.
I expect...
Details in chart. The inverted Head & Shoulders is highlighted with cups, but you really can't miss the big red candles. Gonna get a huge bear flag from this, IMO.
Closed my shorts early, but never sorry to give the other guy the last dollar. Reactionary wave should appear within a few days rising from oversold condition.
IMO this rascal is gonna pop up hard...
SMALL DROP ON CHINA TARIFFS. NO BIGGIE. THIS WOULD HAVE BEEN -800 DROP ON DOW JONES, BUT LITTLE REACTION. JUST A KNEE JERK. That is what makes me worried about holding short position.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my...
Enough time and strength has passed for me to return to full buy the dip mode. I'm long from August 5 and adding now. A dip here is possible, but I expect surprises to be to the upside and limited (and short-lived) downside.
Not many are doing it better. I missed a few, but caught the big ones. I think I'll catch another big move up here.
I posted all of my...
If we are talking about the future. You'd expect at some point we would have a big drop down in Bitcoin Dominance.
It all depends on when. Which could would push up the alt market against the Bitcoin Dominance.
How patient must you be?
How high can we go before we do come down?
I think the next bounce happens when the daily RSI goes oversold again, since this pump and dump was done with futures, MFI hasn't scrolled down at all setting up for a positive MFI divergence.
As always, the market never goes straight down, so expect some whipsaw next week and keep your eyes on the futures charts. Seems futures are in complete control over the...
Deutsche Boerse AG German Stock Index DAX.
The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange.
The DAX has a base value of 1,000 as of December 31, 1987.
Candlestick Pattern: Bearish Engulfing
The ideas and price alerts published here are not financial advices.
$SPY $DIA $UVXY $QQQ $IWM Hope for the best, but wait for the worst. When the music stops the party is over. This market has been the greatest Bull market in the history of Wall Street. But what will it happen if the previous All Time Highs we saw were the last ones? Considering that usually the market rises 70% and falls 30% of the time, which is a trend...
So big question do we gap and run, or stay in the distribution and re visit the price we where at before teh China news. Will watch the Red zone for clues and then the markets reaction on a break of this area. Targets are posted so not a predictive post but one of reaction to what happens is my plan.
In yesterday's premium member daily major market (see here) I already warned that a move below yesterday's low at SPX2905 would tell us the market would most likely to go lower. And so it eventually did. I say eventually because,and of course, it (had to) whipsaw hard first when it did dip below 2905 briefly this morning (first mouse gets the squeeze...) only to...
Good day traders,
Someone on Twitter had a request in regard to BTC dominance so here is my analysis.
Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same:
We are near a turn
As you can see, I'm counting...
lower time frame suggest a big move coming for usd
if this is the case, those who still foresee big usd rises will be in a shock as it could be a very strong move down in type wave 3 or C move
even if that is not the case, the move up is limited
good luck
With a parabolically escalating trade war between USA-China and no 100% confirmation on rate cuts until September I strongly believe we can expect another day of extreme down-risk pressure where the S&P will plummet to about 2740.
I believe Tuesday and maybe Wednesday we will be slightly bullish and combine for a 1-2 day relief rally before a strong impulse bear...
Horror Stories From the G7 and/or Jackson Hole Over the Weekend?
Investors seem to be fretting over the potential for market horrors to unfold over the weekend involving unexpected headlines from the G7 summit or the Jackson Hole. Add to this the Friday options expiration plays and we have got a recipe for chaotic and inexplicable moves today, especially during...
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Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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