Gold SellExpecting gold to go down quite a bit now. As its currently going in a downward trend its just come under my 200 ema which usually means sell. its also failed to break my 1498 zone for some time now. I have first TP at 1477.45 and second TP at 1457.35 if it finally breaks range and continues its downtrend. I have SL at top of the range 1498.72 but hopefully goes my way. This chart was based on looking at 4 hour and daily chart. like and share any comments you have about my analysis would be appreciated.
America
17 Oct 2019 - S&P 500 - Negative Divergence - AnalysisCHART ANALYSIS
Looking at the weekly chart of the S&P500, you can see the price has been making higher highs since January 2018.
However, the RSI indicator hasn’t…
The RSI or Relative Strength Index is a popular indicator used for when you buy or sell trades.
All you need to know is the RSI measures the speed and change of market price movements.
And if you can compare the movement in the share price versus the movement on the RSI, you’ll be able to ‘probability’ predict which way the market will go.
For this article, there is one signal on the RSI that is showing major downside to come for the S&P500.
I’m talking about the Negative Divergence that has formed.
The negative divergence is when the price of the market moves up, while the RSI falls simultaneously. This means, the momentum to the upside is slowing down and we can expect the market to drop to its next strong floor level (support level). In this case, the next target for the S&P500 is set to fall to 2,400.
And so, looking at the chart above we can conclude three things for today’s chart analysis…
Conclusion #1:
The market price of the S&P 500 has been moving up.
Conclusion #2:
The RSI has been falling (hence a negative divergence).
Conclusion #3:
The next strong support level is at 2,400.
This means we can expect a 20% drop on the S&P 500 in the next couple of months
NEWS ANALYSIS
It's official.
The US-China trade war just might be the catalyst that will send America into its next great recession.
But I don't worry about that because there is always a profit opportunity that will follow…
In fact, there is one indicator that shows a major 20% crash for the S&P 500 is likely, thanks to this impending recession.
Let me explain why the S&P will fall...
The manufacturing sector is now in a recession
With the continuing US-China trade war, we are now seeing major economic and manufacturing problems arise in the US.
Tthe ISM Manufacturing PMI has come in below the 50 level mark for two months in a row.
And as measured by the Federal Reserve, with the output shrinking over two consecutive quarters this year, the US manufacturing sector is now in a recession.
And according to the index drawn from purchasing managers, September’s drop-in manufacturing was the steepest since 2009, with production, inventories and new orders all dropping.
The “domino effect” for America’s next recession
The problem with the manufacturing recession, is that it will, create a domino effect which will, lead to other sectors falling.
Take this year’s rail road sector for example…
The drop in carloads for large US railroads increased to 5.5% in the third quarter. Shipments are down with coal, grain, chemicals, consumer goods, and autos.
This makes it the biggest drop in three years, according to the weekly reports from the Association of American Railroads.
And with the US-China trade war making shippers more anxious and cautious with their freight orders – this will continue to add to the cargo crumble.
And so, we’ve confirmed that a recession in one sector can lead to a recession in another. But more importantly, when it comes to America I like to measure its performance based on its biggest stock market with over 500 US companies listed. I’m talking about the S&P 500.
Here’s why I foresee a 20% crash for the S&P 500
Trade well,
TimonRosso
BAC Short ScalpOn this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
Wesley
ELECTRONIC ARTS (EA) 4-HOUR TIMEFRAME LONGPrice is currently forming what looks like a bull flag pattern. If prices can break higher above $100, that should be a good indication of possible bullish momentum. Hwever, traders should exercise extreme caution and proper risk management as the last bull leg stopped abruptly, signalling the presence of sellers at every corner of this market!. Here is how i would enter this trade:
STOP LOSS: BELOW 90
ENTRY:100
TAKE PROFIT: 120
EURUSD (EUR/USD) Buy 1.11500 >>> 1.11950 (Small target)EUR/USD
1) Two days we close above main volume
2) We have two impulses for first target correction
3) We have resistance zone 1.11923
4) We have Low volume trade zone for confirm first target correction
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Buy = 1.11500
Take Profit = 1.11950
Stop Loss = 1.11050
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American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)NASDAQ:AAL
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
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Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
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Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
Cisco Systems (CSCO) Sell $56.33 > $48.63 (Profit:Risk = 4.48:1)NASDAQ:CSCO
Cisco Systems, Inc.
Information:
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.
About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.
Weekly chart:
Daily Chart:
H4 Chart:
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Sell = $56.33
Take Profit = $48.63
Stop Loss = $58.05
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Profit:Risk = 4.48 : 1
Profit:Risk = +13.67% : -3.05%
Dominos Pizza (DPZ)(NYSE) Buy $286.00 >>> $269.95Deal on breakdown and return prices.
NYSE:DPZ
Dominos Pizza Inc
Stock - NYSE (USA)
Profit:Risk = 1:1
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Sell = $286.00
Take Profit = $269.95
Stop Loss = $302.06
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Take Profit = +5.61%
Stop Loss = -5.62%
Benefit from PEOPLES STUPIDITY.26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most debt it has ever been in, unemployment is high and crime is up.... Give Mr Trump a round of applause :)
Yet he keeps telling people the economy is fine... this is what he wants you to think so you keep spending money and getting yourself in debt, and most people are too blind to see what's happening... All I know is I'm going to benefit from peoples stupidity.
When the recession hits and most people loose everything because they were blinded by b#llshit do you really think the people at the top of the food chain that caused this crash are going to go broke? NOPE because they knew it was coming and therefore invested in safe havens.
This is my rant over... but expect another 1 pretty damn soon ;p haha.
Following Resistance Almost Perfectly By April 12th, price action will meet resistance. Other interesting technicals for intraday action. We opened with a strong gap to the downside only to finish the day .1 percent up. Typically, gap are filled whether intraday or interday. At any rate, rockets to the sky. Until gravity brings us back to earth of course.
Panic If Price Action Does Not Blast Through Record HighsI just wrote a bit of a thesis on potential head and shoulders pattern forming in the SPX500. This is basically that same information, but without the head and shoulders pattern in addition to two moving averages, 200 MA and 200 EMA. Also, I have added a moving average on the volume. As you can see, it has significantly declined over the past year since volatility dramatically picked up in January 2018. Keep in mind, JP Morgan just asserted that there is a 70 percent chance of a recession in the next year. At any rate, here the rest of the content:
Not a perfect pattern, but few are. If the SPX500 does not reach record highs and does not go beyond those record highs with strong conviction, then it will suffer from the exact same chart pattern DJI did right before the 2008 Financial Crisis. If price action starts to move down then we would be witnessing a large head and shoulders pattern right into a financial crash or at the very least a large correction. We already know a recession is coming sometime in the upcoming year, but the question is when. However, that does not mean I am saying this pattern will form. I'm just saying its possible. And if it starts to form, be very very careful.
Also by the way, volume is super f word low right now probably indicating most traders are skeptical as to why they should buy at such high levels. It is the second lowest level of volume since 2006 with the lowest level of volume since 2006 only occurring last year. Big red flag guys and gals. Too expensive for many. Expect institutional traders to attempt to unload their positions that they too believe are probably too expensive.
TRUMP you T@TPrice recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump pull the wool over your eyes by telling you everything is ok... Bull#hit.
Trump is rein acting a car crash, he is the driver and America is the car, but this economic car crash will effect the whole world not just the US.... well done Trump you T@T.