Wave 5 looks to be in with bearish divergence on 30 minute. Looking for a retracement to 0.5 or 0.618 before starting Wave 3.
Adapted from some other charts for the S&P index, as well as CNBC analyst Todd Gordon, this is a simple play to profit off a possible inverse H&S pattern in the coming months. If we see a test of the Ichimoku cloud on this ETF we can expect a break above the cloud and a possible re-test of all-time highs. This is tricky though, because we are trading below the 200...
Could open either way here - but needs a sizable bounce to break through the descending trend lines as current volume continues to lead pressure down.
Glorious buy signals for the VOO. I believe we track upwards towards another sell off around Dec-Feb. Price target of 268-275 for an exit. I would be hesitant to ride this to new AHs. In the same breath, I'll be placing rainy day funds in here. Cheers
I think it's time we pay for those tax cuts we already gave to all the companies that own all these shares, isn't it? This could get ugly fairly quickly. Jan will decide if the rally is back on or if we are heading towards new lower levels.
The VOO has broken several key levels of support this month on heavy volume and is looking much more probable to re-test lows from as far back as April before re-testing the highs from September. Even if the trend line from April holds, which is looking less likely by the day, we won't be back to September levels until May 2019 at earliest. Resistance Levels are...
Looking for a bounce around 263.15 to the 10-day SMA(yellow). Bounce could start as low as 262 on our first fib retracement
$VOO Seems to be having trouble breaking through the resistance and forming a double top, in the mean time the indicators are getting heavy and turning down, MACD is turning bearish. Fear of trade war + little money inflow = BAD
VANGUARD S&P 500 ETF - BEARISH ASCENDING WEDGE Pattern already closed in April 2018
Based in the long term tf's I'm confident we will see new lows, lets see how it goes. just and idea, please like or comment. thanks.
VOO is currently in an ascending triangle figure with lowering volumes. Figure not confirmed yet. Needs to break resistance line B-D to confirm. At the same time, we just had a bullish engulfing candle 2 days ago that was confirmed by a Doji yesterday. Once we break the resistance line, target is 195,10$.