I am seeing a potential short here, price has dropped nicely, breaking a trendline to the downside. We have retraced back to the 61.8% Fib level and you can see price is failing to break that (at this point), it's a holiday so who knows how this will shake out. That 61.8% Fib level lines up nicely with a previous resistance zone. Nice clean chart, clean entry,...
Mic testing 123 123, Mic testing... I am bullish cuz bubble is not ready to pop...... yet...... Time shows me june-july so every dip at this point should be bought plain and simple. Load on AAPl and AMZN @ DIP they both V strong.
Gann sq of 9
I'll be keeping an eye on this developing downward pressure on the S&P500. We have had price drop through an hourly trendline. Maybe I will set a 50% Fib entry on the retracement of this drop, more downside potential? we will see.
Today in the over night was a very small sideways range making me think we go further up today or tomorrow, if tomorrow then today will likely be a small range. The trade I will look for is a open that test lower for a buying spot, observe chart lines for the buying spot. If we remain in this tight range will see very few trading spots. it we do not get a down...
add in 4 points for ES levels.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the...
looking for a opening that pulls back to the 2809 area or a bit lower and then a bounce to take us to 2802 and 2836. If this area of 2804 does not support the bounce then probably trade sideways just above the 2800 area.
Just keeping track of a big picture XD because news does not matter.
There are 4 Alt scenarios but these ones seem like most likely. It depends on which bank is going to the top.
hey traders,
analyzing spy on a daily, we see that the market is approaching a significant level of resistance.
from February the market is also trading inside a rising channel, and now the market is approaching a channel resistance.
on 1 hour chart we also see a small rising channel - we can use a bearish breakout of it...
S&P Hit important Resistance Structure.
As in my Last webinar said: 2860 is strong selling zone
and price react nicely from this level
Bearish Engulfing Candle formed in daily chart
Therefore our plan is to short the S&P in
the next week
Go for lower time frame to find any pull back to enter.
Aim 2753 / 2630
Market takes the blue pill, the story ends, China deal is done, you wake up in your bed and believe whatever you want to believe.
Markets takes the red pill, we stay in this Wonderland, and figure out how deep the rabbit hole goes.
Has anybody done a backtest with renko brick 5 1D(daily) charts and volatility expansion strategy? Even though the results are for the last 30 years or so, they still seem like crazy numbers. Can anybody confirm that these results are real? Or is there any issues with Renko that applying this strategy live would be totally different results?
Standard & Poor’s 500 is an American stock market index consisting of 500 large companies having common stock listed on the NYSE or NASDAQ and their market capitalizations. It captures approximately 80% coverage of available market capitalization. Because it includes both growth stocks and value stocks it is one of the most followed equity indices and is considered to be one of the best representations of the U.S. stock market and a trend indicator for the U.S. economy. S&P introduced its first index in 1923 and its present day form on March 4,1957. It was developed and continues to maintained by S&P Dow Jones Indices, a joint venture majority owned by McGraw Hill Financial.
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