Thats what may happen instead. Disclaimer: This information is for entertainment only. It may be wrong and you may lose your money investing in this idea.
It goes against all common sense. But there it is. Disclaimer. This information is for entertainment only and is probably wrong. It should not be used for investment or trading decisions. Relying on Technical Analysis is a gamble and you will most likely lose most of your capital.
This is what may be happening. Trusting Technical Analysis, Chart Patterns etc.. is a lottery. There is a good case for LONG and for SHORT. Nobody can predict what will happen. It is a coin toss. Disclaimer. This information is for entertainment only and is probably wrong. It should not be used for investment decisions.
The third leg down looks weak. We closed the week with a green candlestick. This does not make a strong case for shorting anymore. Compare with two previous legs down. What may happen next week is a 50/50% lottery. And it is a green hammer too.
Please look at the second chart of SP 500 Futures. There is more price action and it is more clear that the 50 and 200-Day moving averages act as a support and potential resistance.
This is SP 500 Futures chart. There is more price action here than on SPX. 50 AND 200 Day Moving Averages Provide Support and Resistance. Moving Averages are important because they are commonly used by program trading. They can be calculated, so programs/algorithms use them for sure. You can't calculate trend lines.
SP FUTURES SHOW VIOLENT SELLOFF!. WOOOO HOOOO!!! :) Too bad I can't post here SP Futures or SPY chart. Does anyone know how to do that? Can you tell me simple instructions?
We are still in a bearish continuation channel. SPX does not show price action after hours. This channel was drawn based on SP 500 Futures price action. We are at the upper resistance line of a trading channel. Pullback is expected. Disclaimer: This information is for entertainment purpose only, may be incorrect and should not be relied on for investment decisions.
Will it break to the upside, or will it go down? In the face general market decline, possible US tariffs on EU automakers, and a possibility of recession in general, It is difficult to bet for upside breakout. Disclaimer: This information is for entertainment purpose only and should not be used for investment decisions because it may be incorrect.
This is on a hourly chart to see it from a larger perspective. There is simply no reason to be bullish.. Its actually FOOLISH TO BE BULLISH! Disclaimer: This information is for entertainment only, may be incorrect and should not be relied upon to make investment decisions.
Since we are in huge 2 years old TRIPLE TOP and MEGAPHONE/EXPANDING TRIANGLE reversal formations supported by very negative market fundamentals (forget economic numbers. They always lag index charts by 6 months or so) evidenced by panic of central banks around the world (regardless of how great economic numbers come in - they wouldn't panic if everything was...
Triple Top on this weekly chart is the main technical factor looming over the market. It stares at everyone and looks scary. The index is ripe for a crash. We just need a good catalyst. Nobody knows what that may or will be, but everything is aligned. The chart is missing a huge drop to complete the look. Disclaimer: The information is for entertainment purpose...
When central banks around the world ran out of tools, the market will find a bottom on its own. Yes. It is unrealistic, but it looks funny:)
SHORT ON EVERY BOUNCE. Disclaimer: This information is for entertainment only and may be incorrect. It should not be used to make investment or trade decisions.
"THREE BLACK CROWS - The bearish three black crows reversal pattern starts at or near the high of an uptrend, with three black bars (in our example bars are red) posting lower lows that close near intrabar lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this...
We are still very early in a potential bear market. If someone wanted to short, there is still a lot to fall. We paused at the 50-day moving average, but may breach it next week. A lot of money can be made staying short long term, if we have entered a bear market. Today I saw three huge orders to sell SPY at market close. Each order was for 2048120 shares of SPY...
Trendlines are cool, but paying attention to other basic indicators is very important. WE MAY BE ABOUT TO CROSS 50-DAY MOVING AVERAGE. Last time we did that, market slumped a lot. See arrows. 50 and 200 day moving averages are the very basic indicators that program trading takes into account. Disclaimer: This message is for entertainment only and may be...
I think the chart looks pretty bad right now.