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.
All details on chart...Oh and don't ever let anyone tell you indicators are worthless. Remember, its not the tool that makes the man, but the man that makes the tool :} Happy Trading!
So far SPX has moved up in accordance with the last video update. From this 4 hour chart it seems that the Impulsive move that started near 2689 is about complete, a break below the W.4 low marked level at 2892 will act as confirmation or sell trigger level from where we can see downside till the Target level of 2828, if selling continues then further downside ...
REMINDER : this will require a daily chart confirmation (daily is the trading context : step 1 of the strategy). I'll confirm with a daily signal or a candlestick reversal pattern.
The trade timeframe is daily so this will take days... patience required here...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like ...
Just be prepared for sideways moves, pullback or some kind of correction.
I have no idea how much this trend can continue to the upside, but I'm sure this will pause in near future; so I'm preparing myself for that.
This does not mean that I won't trade to the upside, if I see a trade setup for upside, I will definitely put order, but I will take profit ASAP.
SPX500 had a nice little pullback recently.
In such a market that just made all-time high, only want to look for chance to long is a no-brainer for me.
While, it's not very reasonable to establish long-term long positions when it just made all-time high.
Accordingly, short-term,intra-day setups to long will interest me the most!
Here we got this bullish bat ...
I made this weekly chart of the GOLD / SP500 ratio.
I often need to argue with people that pretends that the equities bull market is at the edge of a crash. And now for years...
Just have a look at Google "most hated bull market", headlines are countless and even since 2011! Lot of noise, lot of bodies in the graveyard.
So I often tell them to just stick to what ...
With all of the bearish talk going on, i thought it would be helpful to post an update of my current long call position on the sp. Currently still holding full position and will continue to hold until 295ish. We have a clear 5 wave in progress off of the local bottom to start a new bull cycle and continue the overall trend. Also note that the overall sentiment ...
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.
There is alot going on this chart so im happy to answer any questions you may have! Looking to take profit around 295 area, as you can see that is quite a bit of fib confluence in that are, however I will look for a structure breakdown Happy Trading!
