I short it already but didn't see this pattern and suddenly it appears, wonderful to discover it. RSI : Divergence in view as well which is means the moment will happen. What will happen to Italy in Europe? EUR/USD - will be lower until: 0,95 € for a Dollar. Now waiting for the moment ... Let the W a t e r f a l l comes to SPX!
The market is taking a "huuuuge" profit and it's about time! The elections are over, the tension is out of the system. Using The Divergence you can see a SHORT BEAR ATTACK is about to happen on the SPX500 and a BULL ATTACK is getting closer to the EURUSD. But I think it has to happen fast, because we'll make some more money on the FED's HIKE. And that's close too....
We have arrived at an interesting intersection. Yesterday's (11/22) high was 2204.8 and today's high was 2204.07, which is what we closed at. Today's candlestick looks strong. However we are entering an interest crossroads where we are hitting the ceiling of a 1.5 year trend line, running into an extremely high PE ratio, an impending rate hike, higher interest...
We have hit exhaustion. We finally made it to 2200, and we did it in parabolic form. Similar to the trajectory of a rocket. Today we closed above 2200, but not without a day of wrestling with a bear. We posted a hangman candlestick which usually concludes the end of a trend. Furthermore, volume was very light and below average. Every time we have posted a...
Rising wedge appeared after the election of Trump, technically has a bit more to complete but just it the peak ~2193 then promptly did a 100% engulfing candle on the 30min chart. Short now.
S&P 500 is reaching its previous all-time high! Monitor this index closely. If it manages to break the Resistance Zone, we are bullish for it. If there are few bearish signals appeared around resistance zone, we are bearish for it. If shorting S&P 500, it will be a high risk to reward trade :)
It's important to keep in mind that when the market gets to extremes, like it is now (25x PE ratio, 27x Schiller PE ratio, 2x Price to sales ratio, 125% of total GDP,) it's easy to throw up your hands an join them. However, it's important to keep in mind that interest rates are increasing globally. That is very enticing for a money manager. Also, most sectors have...
2016/11/17. S&P 500 stock index forecast for next months and years. S&P forecast for November 2016. The forecast for beginning of November 2168. Maximum value 2266, while minimum 2010. Averaged index value for month 2146. S&P 500 at the end 2138, change for November -1.38%. S&P 500 forecast for December 2016. The forecast for beginning of December 2138. Maximum...
Where's the conviction? Still not convinced we're heading to the moon.
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If trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term...
Last long played out perfectly. This is an idea for a possible short in the near future. One has to watch price action to determine its validity. The resistance ahead could end the small bull and cause a short term reversal.
SPX 500, entering in sell zone,wait for a good signal before jump in.If it pass this area, look for sell at 2178.5
Moving to cash or shorting the markets here would seem to be a better trade on a risk basis than holding long positions here.
Short S&P500 AB=CD BEARISH GARTLEY + Downtrendline
We are currently at the top of a triangle which should in turn mean that in the next 4 hours the "current" shouls start reversing until the sp reaches 2133, in which case I think it can easily break the diagnal support.
Right shoulder completion expected at 2124.8