1 Tip: Sell high buy low. Don't buy and sell high ;) Good luck all!
First time consecutive inside weeks were made since February 2008
Wait for the FED and their statement. Depending on which way the breakout would happen go with this direction. Buy Scenario: Stop loss – below the last low to be created. Target 1 – Last highs around 2186.50. Target 2 – Keep it open until bearish divergence starts to develop. Sell Scenario Stop loss - above the last high to be created. Target 1 - Last...
ENTER TRADE JUST BELOW THE 2125 PRICE LEVEL (1.618). STOP LOSS JUST ABOVE 2129 PRICE LEVEL. PROFIT TARGET 2109 PRICE LEVEL. STOCHASTIC IS BEGINNING ITS FALL FROM THE 80 LEVEL.
I d like to see constructional comments from bulls. Thanks.
Hi Traders, Today is the first day of the month September. August closed higher than July, the trend on the long term is still positive. Since 12 July the SP500 moved between 2193 and 2147 . Slightly higher / more side ways. Despite the trend on the long term is positive I suspect the SP500 is ready for a correction this month. The candles shows some...
The S&P 500 index is breaking all time highs every week. However, it looks set for a fall. Fundamental: The US economy is strong. NFP was healthy, and whilst GDP missed on expectations, the FOMC's last statement was hawkish. In the medium term, the Federal Reserve should raise interest rates, which should put pressure on the global stock market. Technical: ...
Daily Chart: - The pitchfork worked well, and we don’t have a price failure - Currently in a downward wedge, might be able to determine a direction tonight due to NFP - The double top pattern seems to be working, with a target pretty close to the key support level of 2153.5 - Quite close to test the 50MA. Break could result in another deep drop Weekly...
In my opinion this is where the reset will be more or less in about two months October to march starting -
After some break from the market am back again. Well market is developing. the RED and GREEN LINE is parallel trading. So as long as the price continues we can trade in a channel. When reaches red line go short and when it touches green line it's a buy. Pink line will act as a support line too. If price breaks the Thick black line then it's a confirmation to go...
FX:SPX500 Safe Trades;
After reading an article, I decided to try some TA to figure out what they were seeing and why. Had to move out to the Monthly charts to really get a clear picture. We know it's coming.. Question is, when.. sometime in 2016, Oct-1st estimated here? We'll have to break above 2400 to fall within the 53% that will exit upwards. "Here are some statistics about...