hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and...
SPX Complete Bearish Gartley
And price action shows bearish
Key level: 2991
Now price has broken this level and retested
Therefore we can sell SPX and aim
2927 / 2868 / 2750
Completed bearish gartley pattern on S&P 500 index.
There is a high chance to see a bearish impulse from the current level.
Entry - 3000
Stop - 3042
T1 - 2958
T2 - 2920
I continue to be bullishly biased. Although now I think the picture is much more complicated than most people would assume. A lot of money and SLs are going to be burnt in the next few months.
Stocks rallied higher beginning of this week as expected due to some trade war deals being made with China. S&P was able to rally back up to its highs of 3,000.. setting up a perfect sell opportunity since we are nearing all time highs for the market and anything above 1327 has been rejected multiple times, a perfect opportunity to short with a solid risk/reward...
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….
Here is a clean and nice "sleep well" trading strategy, which simply and stubbornly comes from the S&P 500 / Gold ratio. Simple but powerful.
How to trade: Observe the golden curve and act when it bends.
Based on it, you would have only made 7 trades in the last 12 years to preserve and increase your assets. If that's not a "sleep well" strategy, then I don't...
SPX500 is expected to keep swinging tracing out WXYs. This implies A LOT of volatility in coming weeks. This is not a trade setup. I will keep posting live trading updates in my T.me channel.
In the beginning of the video I lie, it is not July 27th, it is in fact July 17th ;)
I talk about using Donchian close channels combined with Bollinger Bands and how they compliment each other in trades.
Indicator link at the bottom of this page.
Based on what we see im expecting the right side of the head to complete till 2905. If complete I suppose down to 2793.
I will appreciate your poin if you as well thanks :)
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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