See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
For this week is so importent marked price levels..
1. Strong uptrend
2. Weekly Point of control
3. Daily Point of control
4. Volume accumulation setup
Happy trading
Dale
Custom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels.
For 2 years I traded this system Exclusively and made a nice living. The reason I created this indicator Vs. the one on TradingView is mentioned in the last line on the first post.
See First Post For Details….
Hope this idea will inspire some of you !
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Kindly,
Phil
SPX500 AB=CD Completed and lets take a short
2620 is the ideal entry , now price already start to fall
therefore we can short at 2604, SL 2650
aim 2520
SPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness.
Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well.
Trade...
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
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (https://twitter.com/Fab00se/status/1037716495697170432)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going...
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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