In this video update, we discuss the S&P500 in more details and what will
happen to market sentiment if price bounces or breaks. We believe if price bounces
we could return to a risk-off the sentiment with safe haven currencies benefitting.
If price breaks above we could see a significant move higher again.
US500 - Intraday - We look to Buy at 2885 (stop at 2875)
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Price action is forming a bullish flag which...
GOOD EVENING TRADERS, AS WE ALL KNOW THE RECESSION IS NEAR, TECHNICALLY SPEAKING THE INDEX REMAINS BULLISH AS WE CAN SEE FROM THE WEEKLY A BREAK OF THE HIGH, ON THE DAILY WE SEE A FAILED H&S FORMATION AND ON THE 4H WE EXPECT A PULLBACK BEFORE CONTINUATION
The main thing is to focus on the ENERGY in the 60m (1h) TF. If it goes DEEP down below 20% level or up HIGH above the 80% level, be ready to make a trade. I was limited on what I could say in the 10 minutes they allow me. Hopefully, this gave you some ideas on trading with the hourly (60 minute) time frame. PLEASE DO NOT PUT MUCH FOCUS on the 30m and 15m time...
We're nearing exhaustion. I would not be surprised if the trading day today ends in the negative (red). I also believe the plunge protection team is in place to keep the market relatively up until AFTER the 2020 election. THEN we can expect a serious drop in order for Wall Street to properly reflect Main Street.