...it breaks this slanted support. "This thing is built on thin stilt, where i never ever would build a house on it." (Shane Term from MG ;-) ). BUT - As until now, the only way "seems" up...and this chart is "just" a potential scenario, a projection with Action(Reaction. P!
When looking at the daily bollinger bands width (bbw) there have only been four other times where the bb were as tight as they are now. Years 1964 & 1965 and year 1995 before the huge breakout into the year 2000 high In all of the previous times the S&P500 was in a small pullback then rallied 5%-6% which I believe it could do again. I believe buying the dip is...
Watching for a long bounce if we move to the buy zone
I am watching, as many are, the current US indexes and their recent all-time highs. We've hd record day independently but Friday they all hit new highs. People I know are shorting SP500, buying gold like crazy, etc. but though this is an epic day, it might not be done climbing yet. Now, I agree that things will reverse. But it's a matter of when that will secure a...
Well, we always need to admit when we are wrong, and we screwed the pooch on our last /ES idea. Fortunately, we all know to trade safely, so risk must always be controlled in the case analysis proves incorrect. It turned out that the long sideways movement was a long, complicated, and drawn out corrective wave. Just as confidence began to sag, the final impulse...
Good short opportunity here I believe. If you didn't get in early this may be a confirmation. One could short the future or buy a put option or sell a call option or any combination thereof. Futures trading involves risk and is not suitable for every investor.
I've been waiting virtually "forever" for a "downward facing" 8/24 EMA on the 1H to initiate a "fingertrap" short on /ES (SPX500 shown here; the "fingertrap" method is described in the post below). The actual EMA cross hasn't occurred yet, but price has broken below the 34 EMA, which is promising for the setup. Naturally, the movement can fizzle out, particular...
Today we are fighting the dividing line between the potential top and the boundary to go even higher for the US Stock Market index. Taking the Brexit move as the key launch point the 127% Fibonacci extension is at 2156.75 on the September /ES futures. The close above or below this level this week is KEY . So why not put a good reward/risk bet on the close? ...
The market is about at it's highest level in history. It had a really fast recovering following the Brexit news. I don't think this is sustainable at this moment. Looking for a return to lower prices. One could sell a futures contract or buy a put option here. Trading futures involves serious financial risks and are not suitable for all investors.
This chart shows the S&P index weighted by the dollar index (DXY). As you can see, it gives us a much clearer picture, and allows us to find better support and resistance levels. Why is that so? One explanation is that it shows us the S&P as viewed from the eyes of the average foreign investor, or from large investment groups which have to take into account...
The US Stock Market (using the E-Mini Futures as a guage) are hitting key resistance this morning following the post-Brexit fall and rebound. If price holds here the downward movement will continue. If we break the resistance the market will go higher into the summer through July. I am looking at hedged market plays with IWM and QQQ Options.
As predicted by the downward fork, price dropped significantly on Brexit news. A drop from the high to the lower Median Line has pushed price into high volatility. Look for a drop again at the middle Median Line retest.
Every time the S&P has made a Balance area at it's all time highs it has sold off hard. We just broke the most recent balance area to the downside again.. Looking for a bear run for quite some time. I fully expect market to revisit 1850's again, just given previous patterns. Best of Luck