ChartArt

ChartArt

While walking risk-wise on razor thin ice the "S&P 500" confirmed on Monday, July 2 that the low it made on Thursday, June 28 is the new support. Therefore the market is soon going to test where the price resistance above is. I think this price area might be between 2755-2760 (or higher). I wanted to share this idea before today's open, but ran out of time. At...

ChartArt

The S1 support of the last months shows a clear rising trend with a low in April 2018. In green I colored the potential support for the next month (July). If this next S1 support area gets confirmed in the following weeks it would mean that the Dow Jones remains in a long-term uptrend.

ChartArt

The price could have found a low to bounce higher from. In my original chart linked below in related ideas, I said "support could be somewhere between 24550 - 24650 this week." Yesterday the Dow Jones fell right down into this price area. Yesterday's low on June 19 was 24568 only 18 points above the lowest low I had foreseen (24550). Yesterday's close was 24700,...

ChartArt

The IBUY rally is really strong that's why I shared my last chart with a neutral outlook. After the recent drop of the Dow Jones the risk for this rally to have a fast pullback is increasing now, that's why I'm sharing this chart as a bearish warning that the price could fall back down below $50 in the near future. My original chart below could be seen as a...

ChartArt

After the trade war started last Friday it's possible that this week there might be a strong bounce due to a short squeeze. The move higher could start on "Turnaround Tuesday", after more declines on Monday this week. Support could be somewhere between 24550 - 24650 this week.

ChartArt

The Fisher Transform signals a trend change as the slope has turned bearish and the price of the "S&P 500" yesterday closed below the Hull moving average , which is also bearish . While I was starting to lean bullish due to recent new highs on many tech stocks thinking that the "S&P 500" had only a consolidation through time and not through price - the market...

ChartArt

If the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash. Short-term the market is oversold and could break out above 2800 or a little higher towards 2815. Mid-term the market is way too...

ChartArt

Based upon the bearish channel I drew in March 2018, the market has now reached the decision point for a strong melt-up much higher or another strong leg downwards. The market is strongly in favor of the bulls as of yesterday's close, therefore the risk is VERY high for shorting here despite the momentum starting to decline on long-term indicators like the TRIX...

ChartArt

Are we headed for a stock market crash in 2018? At least in the near-term (next days to weeks) there are growing risks to the downside as the potential for a sharp pullback is gaining power as I'm showing here. On this chart I'm using two different indicators, which both have as one of their main features that they exhibit a very low lag. Moving averages make it...

ChartArt

The "S&P 500" futures market is acting strongly bearish . Therefore I follow the trend and change my opinion from thinking that a dip to the open gap between 2719.5 to 2725.7 should get bought (as I had mentioned in my last idea. More likely the "S&P 500" is going to sink lower at least down to the other open gap between 2701.27 to 2704.54 and it's possible that...

ChartArt

The rate of change shows that the worst might be over for now. The index could break above the 0.618 Fibonacci retracement at 2743 and then breakout beyond the 0.786 retracement at 2800 and move higher and higher to around 2830-2835. I modified the "KST" indicator (Know Sure Thing) settings and the result is that the momentum has broken above the zero line, which...

ChartArt

IBUY offers equity exposure via an ETF to global online retailers with exposure to North America, Asia and Europe. IBUY holdings are companies which receive at least 70% of their revenues from online sales, e.g. department stores, specialty retailers, clothing sellers, drug stores, food-ordering sites and discount stores. There is significant downside risk in the...

ChartArt

With the technology sector getting weaker there is a growing risk of a decline of the "S&P 500" in the weeks ahead. On April 26 I had outlined two different scenarios. The blue scenario was the long-term bullish outlook where the index first drops and then rises with more strength higher. The second alternative outlook was colored in gray where the market first...

ChartArt

The index is nearing resistance this week with "Nasdaq" and "Russell 2000" lower yesterday increasing the risk that the "S&P 500" follows lower today. This is a neutral outlook. Based upon my previous chart the most likely path for the next days is a pullback. But until the open gap between 2741.47 to 2741.38 is filled the bulls continue to have strong target...

ChartArt

The opposite of "Sell in May" is going to occur in the year 2018. Reason: The first peak of the year occured already, which moves the second peak further into the future after May 2018. And there are too many sectors and industries which did not decline during the last weeks. For example technology and small caps (Russell 2000). I expect a drop on May 8, lasting...

ChartArt

Last week marked a potential low for the month of May. Therefore a move upwards could push "PG" back into the trend channel towards the open gap. Entry: Above $71 Target: Open gap, above $76 Stop loss: Last week's low, $70

ChartArt

There is a chance that "IBM" is moving upwards in the next days. Entry if the low of May 3 at $139.90 holds and it becomes the low of the first week of May. Minimum Target: $145.5 Maximum Target: $158.5 (open gap) Stop loss: $140

ChartArt

The next weeks remain crucial for the "S&P 500" for the trend decision between starting a bear market or continuing the aging old bull market. The current trend bias as of this Thursday seems to favor the bulls, but the bears could start to attack as soon again. I hereby stay neutral and show two different paths where the market could move next from the upcoming...