Even with the dramatic fall that has happened over the week, the downward indication we had been awaiting from last week (pls refer to last week idea) is yet to be seen on 15 min or 60 min. Most likely going to bounce off the bottom channel and go up Indications based on combined strategy of Bollinger bands, ADX, Volume and Volatility
SPX500USD - Intraday - We look to Buy at 4086 (stop at 4060) Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 4090. Support could prove difficult to breakdown. Further upside is expected although we prefer to set longs at our bespoke support levels at 4090, resulting in...
An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a...
This is the weekly chart and with only tomorrow left for this week, will it actually end positive for the week? And what about last week - Hammer candle? Bullish maybe? Hopefully? And this weeks candle might end off with a bullish hammer candle also(or positive?) Also, the AO is showing GREEN for this week so that's positive right? Hard to say with this war...
Crazy world we live in - who would think in 2022 that a country would actually invade another country forcefully. With that going on, the index crashed obviously, actually all of them did. I put my order in a few days ago hoping price would get down to 4200. I put my TP there but price action almost hit 4100. I'm not complaining though - from 4340 to 4200 is...
Could this be it? The BIG one we have all been waiting for? At least I have been waiting for it. Has ALL the forces come together in the perfect storm to have the S&P drop 30% or 40%?? I know it's going to happen, just don't know when. But so far my Sell order is doing well. Next up is 4200 level - this is a good psycholgical level and will be a decent...
I don't know what's going to happen this week in Europe, but I know one thing - tensions are high!! When tensions are high, investors get spooked. When investors get spooked, they get out of the S and P and put their money into Gold. Right now Gold is up and the S and P is down. I got into a Sell Order at 4340 and we shall see what happens this week. I think...
S&P500 futures show weakness. Buying is not what it used to be and the technical wedge that was giving it support has broken. Due to the nature of this uptrend there is very little support to be found in the local area. If we break any meaningful moving averages a significant pullback is not improbable. Due to the transportation sector's nature of closely...
Just documenting my chart of S&P Since 2018. I think we may observe a final Melt-up, fresh printing of M1, final stand. Does not look at all stable, ready to crumble like a cookie. I want to see in 2021/2022 how the levels react. I would be getting out now from ALL indexes. Convert to Bullion / Crypto. Not a financial advisor.
Hello Fam! Short Reasons: reformed head and shoulders pattern and now breaking out. Good luck to you! Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
Hello Fam! Short Reasons: rising wedge breakout, head and shoulders pattern Good luck to you! Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
Hello Fam! S&P 500 index broke the rising wedge pattern and now goes downward. Good luck to you! Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!