Bounce above 2900.. Could be a hundred point higher than here today..So enjoy the rally to accumulate short around these levels. Any time higher is a gift.
All time high fractionally??? or just Oct 2018 high
Global slowdown contagion hitting our shores..
Rates cut sooner than the fall to fan the fire before its out
The market didn't read this one soon enough....
Hi pros!
There is nice daily bearish wedge
price made three waves for the moment so 2 scenario
1) price break at wave 3
2) make the fourth waves and break down the triangle
Have a nice week!
In this 4H chart, we can see that the SPX500 is still bullish and the price just arrived into the support zone which is a critical level. If the price breaks out the support, then it will indicate that the Bullish momentum has ended and the price now becomes bearish. That support is also the neckline of the Head & Shoulder pattern. In order to complete the...
Technical Analysis and Outlook
The S&P 500 index completed its journey to Mean Sup 2811 while Key Sup 2798 and unfinished business of Inner Index Dip 2795 is lying below. On the upside, we do have a missing void to fulfill marked the long-standing Outer Index Rally 3000 is not applicable at this time, while Mean Res rests at 2883 along with well established Key...
My SPX 5/11/19 declared a Yellow Alert for US stocks, since then the SPX has remained below its all-time high made on 5/1/19. An important bottom could be made in the low SPX 2700 area by late May. Bullseye date is 5/31/19.
First a tip of the hat to Tradingview member and frequent poster The_Unwind. My post today was inspired by The_Unwind's 4/12/19 SPX post...
Hi Guys,
the above is to provide a rough narrative of the last 20 years. What was happening during the 2007-2008 Financial Crisis was scary. We were on the verge of a severe recession according to everybody and extreme measures had to be taken. Pump money, tighter control and let's move on. And if you look at the results IMHO CBs did an excellent job to save the...
The weekly looks HORRIBLE. I'm short and think us shorts will be running. I would not be surprised if we see 2700 at some point next week. Bulkowski's has 2900/2740 6/1.
The moving average in this next chart - falling in line with the fib will give resistance that may result in some sideways chop this week - good for my delta neutral trades. My short is also...
From 2015 on, Big banks have BEEN at it with multi-billion dollar sales of new synthetic CDO product (Bespoke Tranche Opportunities), as well as "loan pool auctions" by Freddie Mac and Fannie Mae, that essentially repackage defaulted loans and re-sell them for more risk averse investors. This has continued to make our financial institutions rich, as you can easily...
I have been 100% neutral on the market after closing 2/3 of my short position from 2942 at 2810. Since going neutral, we got a nice bounce off the lows and have been stuck in a range since. There are reasons to look higher as well as lower. Why guess? You don't have to be in a trade every day! You want to get into trades that have the odds on your side. When you...
MARKET ENVIRONMENT:
The interim trend has reversed. An expected minor “suck it up” recovery has occurred. Some bouncing potential is still possible. But today’s break very likely signals the onset of Killing: “This is a very unusual pattern in that the market can move very quickly.” An Interim Trend decline may become persistent. Hourly charts and even shorter...
When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015...
Since this "miracle" rally began after Christmas, many investors have wondered when shorting seems like an option. In my opinion that time has pretty much arrived. Of course during this rally there were some small short opportunities but then again trading against the trend can be tricky and costly aka "The trend is your friend".
On the other hand we have of...
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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