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STOCK MARKET S&P 500 due for a PULLBACK ???This is a mid-term short play that i spotted on S&P 500 that will most likely play out within a month. This is definitely not a scalp or swing trade. Key levels marked out on chart: 1) 2018 High 2) Quarterly Opens 3) Monthly Open 4) Grey box - Weekly block that provided support previously Bearish Bias: - Monthly Bearish Divergence : Price keep printing Higher High, yet RSI prints lower high. This suggests bullish momentum of the Index is depleting. - July Monthly candle close as a Shooting Star - Shift in Market structure on the Daily Time Frame since rally from June (Lower low) Confluence for trade: - 2D Bearish RSI Divergence - Previous H4 Block that provided support now turns into Resistance
OANDA:SPX500USDShort
by FX20
The Verge Trade is ON! The Verge Trade is ON! I wrote about a trade setup for Verge the other day. I traded on Verge this morning entering at 4.5 cents and it has risen to 7 cents in the last 17 hours. I'm still in and watching closely. Verge did not complete the last touch of the Bulkowski Trend line but when BTC took off it was a good signal. I had mentioned the importance of BTC pricing on Verge in my post, If I were out of Verge I would consider getting in if it pulls back a good bit from 7 cents. It could go much higher from 7 cents . Watch for a closed candle on the 4 hour chart over the FIB 0.236 line at 0.743 Cents for a short term confirmation. If Verge Closes above the upper Bulkowski Trend line somewhere between here and 10 cents then hang on to your hats. I would close this trade if the price falls to 5.8 Cents and watch for a new entry. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
XLong
by 6Shooter