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Makeorbreak

Closer look at the current S&P500 situationThis analysis shows what I am currently looking for in the market, regarding the S&P500 possible outcomes. Since my last post the bulls made a good job and prices reached the previous tops level, at a very strong resistance near 4200. But at such levels a small range is common and expected. I highlighted the zone between the orange lines, that was defined by the last top and the last bottom. I am carefully observing the movements around this small area, and I consider that the outcomes from it may lead to decisive movements. I am considering the breakout of the 4200 to be a long trade trigger, whilst the breakdown would be a short trade trigger. But while none of these cases happen I remain neutral until I can see some outcome out of this relevant resistance level. The overcoming of the 4200 zone would be the final missing confirmation of a trend reversal (from bear to bull). On the other hand, this resistance can do its job once again and hold the prices below it, keeping us in the congestion or in the bearish scenario for the next few months. It is good to note that we're close to the "sell in May" seasonality.
SP:SPX
by thessia_
1
SPX facing resistance to keep falling - a new doubt levelI'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and congestions. On March 13th, prices reached the region of the last bottom and a massive buying volume showed up sustaining the market upper from that level. This drove us to where we are now, pulling back to the 200-SMA, and this famous average is now giving us a new make or break setup. The next days movements will probably drive the direction of the market for the next few weeks, and that could be either bearish or bullish. I would prefer if this was a bearish movement, along with the trend, that tends to make a more straighforward path and with a longer target (I estimate a gain around 10 to 15%, counting from last week close). Any set of black candles would point this way. On the other hand, some white candles, specially with a good volume, would point to the bullish or congestion case. But I believe that it would be a counter trend movement, barely reaching the previous top region (with a posssible return of 6% to 9%) - of course I can be wrong, but then we re-evalute the scenario if the top if reached. I don't know if I will trade the bull case, because I think this would be a more short-term situation. But for the bear case, I'm keeping open my bearish position that targets the next few months.
SP:SPX
by thessia_
Nifty Prediction for 20th Sep..Will market sustain or Fall?Nifty Prediction for 20th Sep 1.If market opens flat and slowly crosses 17700 then take CE with Strict Stoploss 2.If market Opens Gap up then Wait till 17661 retest level if it sustains there then CE will be profitable 3. If market opens gap down then If it comes to 17661 and breaks that then wait for confirmation for up moves then take CE If it goes to 17661 and takes Rejection then take PE P.S. Stoploss can Save You
NSE:NIFTYLong
by silenttrading
Nifty prediction for 7th Sep.will sellers takeover or bullrun-->Tomorrow 17397 will be Make or Break point 1. Gap up opening- If market opens @17420-25 levels Then Moves downward and breaks 17397 then PE till 17300 If it Reverses and go beyond 17445 Then CE 2. Flat Opening- If it opens Flat and slowly slowly breaks 17397 level wait to break yesterdays high and above 17445 CE will be for at lest 17525 if it opens Flat and slowly slowly breaks 17347 and moves downwards then PE till 17300 with Strict Stoploss 3.Gap down opening- If it opens below 17310 moves upward and could not break 17397 takes Rejection then PE with Strict Stoploss In case of Gap down strict Stoploss is must Sellers can pull it down very big big candle formation may be expexted... it stoploss hit then avoid trading but if not then Trail your PE position for Maximum Profits P.S. Stoploss Can SAVE you
NSE:NIFTYShort
by silenttrading
2
DJI breakout or more choppy action?I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble. Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before. If we cannot break higher of this blue box, 40% drop might follow. If that's the case, test of 2014-2015 lows might occur and give as 15500-16000$. This is pure speculation and just an idea to look at.. Have a great weekend ahead! DJ:DJI
DJ:DJI
by Patrikas10
NJ Neutral weeklyNZDJPY has showed major weakness for months this year, and continuous to plummet . Price has found way back to the weekly ascending trendline and is cornered. Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to indicated medium term trend change . It is not advisable to risk on this pair until higher probability setups occur on higher time frames.
by taurisking