This one is a little sloppy, but it meets my criteria to rate as a exponential. So I expect price to meet the lower A/R line on a drop out of it's exp. path. ...hunt mode on. P!
I believe that ~$237 is the Stock Market Top before a broader cycle reversal back to $140 into the coming few years. Trend line resistance extrapolated from 1995 into 2017.
After price broke out of the L-MLH, there is a high chance for test/retest - which in essence is nothing more then a pullback, but just with slanted lines... The white fork is a "Pullback-Fork" to mesure, how far price will go down 80% of time...to the centerline. Up there, we have confluence with the L-MLH (blue) and U-MLH (white) AND the prior resistance where...
1) 2338.75 represents 161.80% Fibonacci extension of the 2134 to 1802.50 move from May of 2015 to February of 2016. 2). Large put/call option open interest at 2250, 2325 and 2350. 3). VIX at sub 11 levels, 14 day RSI at 69, and SPX Shiller P/E @ 28. 4). Trade idea: Short ES_F @ 2335, S/L 2365, target 2255, risk $1,500 to make $4,000 per contract.
On Feb. 11, 2016, the S&P 500 put in a low of 1810. One year later, on February 9, 2016, the S&P 500 records an all time high of 2307.9. This is a 500 pt increase, and a 27.6% return. At the same time the S&P 500 is showing a rising wedge which has bearish characteristics. However, this market has been very strong.
Wait for pull back into demand zones. #1 There's a zone on top of zone starting ~2279 #2 Next buying opportunity comes in a little before 2272
I just wait until I have a good stop. My stop shall be behind the bigger structure (see the light blue boxes?). But I'm aware that ES is going parabolic at this time, so no hurry - let it exhaust itself. Hunt mode on ;-)
Is 2300 the next top? Based on the major retracement from last year, it looks like the extension will be to 2300. Psychologically investors seem to want that number, given the hubris of the markets today.
The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear...
Hola amigos. Mirando las ondas correctivas en un gráfico mensual, podemos encontrar que las correcciones en las posibles ondas 1 y 2 han sido cortas en el tiempo. En otras palabras, esta la posibilidad de una mayor onda correctiva C, de 2300-2350 a 1700-1750. Para eso hay vigilar una falla en la actual onda en el intra dia y otro fallo en el conteo diario para ir...
Every day going into the election, November 8th general election, December 19th electoral college votes, Jan 6th Congress counts and announces the winner of the electoral college, have been positive days,that continued into the next trading day. I am not saying the SPX is going to make a new all time high on Monday. However, I believe Monday could have an upside...
2287.5 important level. Short from 2271 Stop 2276 Pending order in 2286.6
Looking for 2340. Wait the oportunity.
this is a measured move target from the election drop
We see divergence in the RSI, CCI, and volume on the SPY. I think today's action was simply a retest of the high before trending lower into the Fed meeting. Most likely a retest to 208.