Yesterday WTI closed above 200 MA on the daily candle and the reports for EIA about a possible deficit due to the OPEP cuts on the production with the first lower inventories in USA backed this view on the fundamental side.
Try to break down the H & S and couldn´t make it... Seems like a Morning Star Candle on the Daily TF... Lets see how goes these long...
Started a Short position on the SPX500. Lets see if the H & S pattern its in place....
Mid term play!
Long on SPX500 @ these level, 2052.7 seems like a great support line....
Open with a short position and change to bull after the triangle was break up.. Lets see how these trade goes....
Starting a short position.
Close my Short position to open a long position... Support level of 204.95 was´nt break!
Technicals + Earning Season.
What goes up, must go down... At these point I see more reward Shorting SPY!.... With limit SL cuzz FOMC
Lets see if we go UP!!!
After 205.23 was break!, I´m starting a new long position on SPY using 205.23 as a new support line.
Lets see if these goes well.. 204.12 its a great tested support on SPY!
It breaks a triangle formation on 30 Min timeframe
Its these a H and S Formation????
Lets see how goes if it brakes I´ll cose
Open a Long Position on SPY @ 203.20! The downtrend was broke when the market open today, If we are back to the downtrend I will close my position.
Bruselas and technicals