SPX500 - 1 Trillion Dollar, Baby !

Today on the daily basis we broke below the 1000 SMA.
We have the Bollinger Crash signal, TSI at extreme levels.
And the FED finally throwing 1 trillion dollar on the market...

The weekly chart also interesting with a break below the 200 SMA.
I'm waiting for the weekly close above the 200 SMA. (above 2640$)

This is the time when you can try to catch the falling knife.

Note

If we can close above 2500 then it’s a good sign that the bottom is in.
Always remember that the government will do everything and anything to prevent the market from the further crash.

Note

Yesterday we tested, today we broke throgh the 50 SMA.

Note

We might have a profit taking ahead of the 3 day Holiday but this rally far from over yet. I’ m still waiting for the tag of the 200SMA at 3000 in the following weeks.

Note

200 DMA IS JUST 135 points from here

Trade closed: target reached

We are almost at the 200 SMA. As I've seen many times that stocks are falling after the FOMC meeting I'm going to take profits on my long positions today.
Not risking a profit taking event.

Note

It was a 20% profit in 1.5 months.
zSplit, ArnoNabuurs, thehtizzle, Dordd, lucamodena, lifeat130bpm
waiting for your 20% profit ideas too.

Note

Rare moments . The exit was at the exact top.

chartwatchers

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chartwatchers

Also on:

Related publications

SPX500 - Trading the daily cycle decline

by chartwatchers