Market Indices

Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil

look I'm not saying this is going to happen. but I do think people should keep in mind that it is possible this looks to me like a parabolic trend and parabolic trends cant go on for ever so just keep an open mind about this .

Harmonic patterns are excellent tools to use in corrective markets like we have right now. Fast whipsaws, quick moves up and down, lots of "head fakes". How can we have any idea on how to trade these markets? Looking at the pattern from Feb 2018 we can see a "baby shark" pattern. If you would be so kind as to look at the expansion to the right as shown, in our ...

Once This wedge structure breaks to the downside sell off will resume. I'm thinking today is the last day of the shorts getting squeezed.

Power Level 1 (study W.D.Gann) was reached today! This area around 2663 is strong resistance! This could be an important turning point in the market. The next few days should show us a breakdown lower, and the first good confirmation would be a nice break of the extremely tight blue diagonal shown. Think of the cake decorating tool like the piping bag. (My wife ...

Today the McClellan Summation Index, an Intermediate measure of Breadth/Volume on the NYSE gave a BUY Signal, going Positive, for the first time since Oct.5,2018 with a reading of 77.26. Technically that confirms a strong Breadth/Volume BUY Signal on the stock market as measured from the 2940 All Time High, on Sept.21,2018 to the Dec.26,2018 Low of 2346 This is ...

The current bounce in equities has been made on low volume. Many narratives have been provided to explain why the bounce has occurred, like improving trade relations between US and China. The fact remains that we are at the end of a long term debt cycle in an overheated economy. I expect the reaction here to be strong, as bearish sentiment has taken over this market.

They think they can just do whatever they want to the Moon. Well, you can, but be prepared to pay the consequences.

The night of Donald Trump being elected, Alan Greenspan slipped out of the watch party to buy massive amounts of stocks and made Billions over-night. These candles are bigger than that night and resemble those of the 2009 rebound from the recession. If you are short, I feel bad for you son, cuz there are jobs jobs jobs, and the train ain't done! Check my link ...

Now that the bears that were banking on solid resistance at 50MA are mostly taken out, I think we will end today solidly in the green and have a TEMPORARY reversal early next week. I still think that we can resume the rally after this correction. As you can see, the MFI-7 is WAY overbought, and judging based on past accuracy, i'd say we're due for a correction so ...

Not bullish yet.

Chart is self explanatory. You are free to find better entry point. 2180 seems to be our next stop zone.

soon moon

VIX is close to popping off like in Dec I think, whenever you get to these supply zones the price likes to take off. With that I think is where we will see SPX and the market drop.

We shall see what happens.

lets see how it behaves next week.

As many of you I was short on the S&P 500 last week , thanks to Mnuchin. Otherwise, I don't recommend to go long or short until next week, especially if you lost money in this rally.

Will it break above or retrace and crush below the level?