US 500 HAS REACHED THE LOWER SIDE OF THE TRENDLINE WHO WILL WIN?US500
Has reached the lower side of the trend line which is a critical level for both bull and bear.If the trendline was broken we can expect downward rally if the bull managed to hold the ground from the trendline support it will bounce back towards North.
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Us500usd
US500 - My Thoughts - Election Day?Hello friends, This is for fun but TA could tell a story...:) Let's see what happen, Give me a like if you agree...lol. :)
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US500 series of rising and sudden drop happeningUS500
As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD.
After reaching the September high around 3600.00 (which is a key psychological level) the trend has reversed towards south as the pause in vaccine development and the surging of daily virus cases
We can see a series of rising and sudden drop in the prices with the bear flag formations. And trading in a downward channel. I am expecting that the price will continue to run lower towards 3000.00 level. From this level we can expect shift in the momentum towards bullish
The price is currently trading below the 50% Fibonacci and the next downside target would be 61.8% Fibonacci level comes around 3188.00
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Trading idea for 2 next weeksAfter broke triangel i'm expect pull back to 3080 usd level and then retest 3200 USD (strong resisstance).
US500 - SELLWait for price to break below support then sell to green area
US500 and US30 tend to follow each other
SPX500 Thinking out loud - Price projectionsJust my thought will change nothing on my day trading, but just talking to myself, what is possible. Every big correction, and problems, we had the second drop, and lower low.
SP500 Short Cover - 13:10:34 (UTC) Mon May 4, 2020I will be looking to cover my short positions at $2,719.00
Pre-market Futures Short 17:11:14 (UTC) Sun Apr 26, 2020Pre-market Futures Short
17:11:14 (UTC) Sun Apr 26, 2020
US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020
SPX: Attention needed. -6% possible if this condition is met.S&P has been trading inside a 4H Channel Up (RSI = 50.132, MACD = 13.590, ADX = 48.232) with the 4H MA50 (blue line) supporting. The negative fundamentals (China virus, disappointing earnings) ahead of the Fed Interest Rate Decision this Wednesday, can make investors sell initially (and ask questions later).
There is a strong break out level to consider and that is the 3,230 Support. Even if the Channel Up breaks lower, if that Support level holds, then the uptrend can be extended. If however 3,230 breaks, then selling make escalate to a -6.80% drop, similar to the one in July 31st - August 5th 2019. The RSI pattern has certain top making similarities.
If that condition is met, then we will set a downside Target Zone of 3,130 - 3,110.
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