My 12/1/19 post - "Short - Term Decline May Have Begun" was correct SPX had made a peak on 11/29/19 just below two Fibonacci resistance points.
My 12/2/19 post - "SPX Buying Opportunity Zone" was correct on 12/3/19 the SPX bottomed at 3070 in the upper range of the support zone 3040 to 3090.
There's reason to believe the correction that began on 11/29/19 may...
In my opinion we are entering the blow off top zone which can lead up to US$ 4500.
The higher it goes the stronger the recession / correction in the market.
Keep your eyes opened within next year. This might get really ugly.
Cheers.
Elliot wave analysis showing the market is currently at the top. With the current state of affairs in the world, and the fact that wave 2 can retrace 100%, this leaves open a very good possibility of a total market collapse that still conforms to Elliott rules. On a large scale, we are entering a wave 2 correction. The standard correction can be expected to...
3 Box Technical Weekly Chart shows that the S+P 500
is in a "Multi Week Breakout" Pattern
I have extended the triangle trend line ..forward ( See Chart)
and you can see a realistic possibility," time wise" that this breakout
could be setting up a " BASE", for price advancement well into 2020
Time progression ,with price "above" the breakout point technically ...
Hi Traders,
I was initially expecting price to form an ending diagonal, thereby slowing down the bull trend for downside. However the ending diagonal is now invalid because price has slightly broken out of the structure in the past week. What's more is that we have no divergence on the RSI, and this indicates further upside.
Therefore, we can keep buying the...
Hi, Guys!
It seems like they want to keep the position over and over as long.
Even when they pushed down to 316x line, it bumped up right away.
Which is very insecure and unrealistic movement.
There is not much of gap for bumping up; maximum 20 points.
Thus, it does not matter the SP500 points going up, I will buy more short position on SPX.
My indicators show...
Elliot wave analysis top of 5th wave of 5th wave. Bearish pin bar adds to confirmation. Cycle lines added to project correction over next 10 years. Have fun:)
Technical Analysis and Outlook
The trading week commenced with the S&P 500 index sinking about 70 points, or 2.3%, arising from its previous Friday (November 29) closing price level in less than two trading sessions.
As we got passionately bullish on Dec 3 as soon as the Key Res $3.075 was hit. We have taken off the table 95% of our positions after the great run...
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts and comparing the trades against the trading levels published in the morning. This is an experiment in real time, walk-forward testing in the open for anyone to be able to...
This market is a bubble, but qe and the FED are bringing this market higher. Continue to buy the dips on this market. To short this market is a bad idea it is betting against the printing press. I told you guys the day before we were going to have a brief pullback on daily charts congrats to those who capitalized. This market is going to continue to move up so...
S&P500 backtesting the channel from mid-October that broke down on Monday, and making a second attempt to break above ATHs ~3160. There's some supply to work through around that level.
Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
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![SPX: [Long or Short?] December 9 to December 13](https://s3.tradingview.com/a/AM6DnQIE_mid.png "[Long or Short?] December 9 to December 13")
