SPXUSD is testing our first resistance at 2627.9 (horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2521.30 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also testing resistance where we might see a ...
As I still think we are in a daily consolidation to go back down, FIB levels are about to tell us if they are right today! If you followed my last month ideas, you know I am short on indices but I mainly profited on the long side.
So for today, it's possible that I take trades to the long side if the setups are there. But I will really be waiting for 2623 as my ...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to ...
I will open Sell near 2590
T/P: 2445
T/P: 2340
Reasons:
- Price come to key Sell level 2583
- Low and predictable risk.
- Middle — term trend is bearish
After G7, Fed and EZB decissions global stockmarkets gaining on new upside momentum, unexpectedly. Next target for the US 500 is 2.880 - the former all time highs from earlier this year.
This trading idea follows up the short term target TI (2.800):
(please click on the chart to load facts & ...
SPXUSD is approaching our first resistance at 2627.9 (horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2521.30 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we ...
SPXUSD is approaching our first resistance at 2631 (hroizontal pullback resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 2521 (horizontal pullback support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in ...
This is continuation of my SP500 study.
The downtrend continues, and looks to have made a wave 3 down.
I think wave 3 is just about done, so we should see a bit of a bounce soon.
But I am thinking the bounce will be a bull trap (wave 4) and then resume downard momentum.
Given the Holidays and Year End rebalancing, there might be some wild moves for next couple ...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to ...
SPXUSD is approaching our first resistance at 2631.0 (horizontal pullback resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 2521.30 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop ...
AS EVERYDAY since 1 month, my favorite side is downside, but as I often said, I mostly made profit on the long side, so I can change my mind after the open.
We will finally open with a decent gap down. I think today could
be the day that the gap down will not be filled and we will go down.
It's not impossible the market will go up at the open but I will ...
LEVELS
If we go up again
2598.5 : Yesterday's high, possible scenario because of the
opening level at 61.8% retracement level.
2600-2610 if we have another strong upside.
If we go down
2573.6 : Yesterday's low. If we get there, we will have to watch
the market reaction because it could reverse hard as the last days.
MY PLAN
Wait and see at the open, I prefer ...
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