SPX Expected to Breakout Towards 4445Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The stock index SPX is currently in a symmetrical triangle pattern setup, where the downward and upward trend lines intersect. Expectations are for SPX to breakout of this chart pattern setup higher, targeting 4445 in the short term. If the setup fails, SPX will decline towards 4418.
Technical Indicators
Currently SPX is above its 50-SMA and its fractal moving average. The Directional Movement Indicator (DMI) is also in a positive zone. This supports the view of an upward price movement in SPX.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 4418 price level and a target of 4445. This produces a risk-reward ratio of 1.55.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in SPX.
Usstockmarket
Crash MarketThe First signal of a market downturn was announced a few weeks ago by the japan Nikkei index
USEI IS MY STOCK PICK OF THE YEAR #BLESSEDPIPS MY STOCK PICK OF THE YEAR USEI - U.S ENERGY INITIATIVES CORPORATION IS AN ENERGY COMPANY. THE COMPANY IS ENGAGED IN DEVELOPING AUTOMOTIVE AND HYBIRD FUEL SYSTEMS AND TECHNOLOGIES. USEI IS ALSO A CANNABIS CORPORATION. DO YOUR OWN RESEARCH AND BUY/HOLD WITH YOUR LIFE.
#BLESSEDPIPS
#S&P500 CAUTIOUS !#S&P500 cautious!
- Now it has gone too far.
- In order for the SPX uptrend to be sustainable, 2 correction cases should occur.
+ Case 1. Back to the MA50 green line, the yellow support line confluence.
+ Case 2. Back to the MA200 red line, the yellow support line confluence.
#S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much.
#S&P500: time frame daily, a sign of a bearish divergence?
BAC FOR lONG IN 16 DECEMBER BUT AFTER A SMAL CORRECTION BAC FOR lONG IN 16 DECEMBER BUT AFTER A SMALL CORRECTION MAYBE TOMORROW IN THE OPEN
ENTER FROM THE YELLOW LINE AND TAKE PROFIT WHERE I SHOW YOU
AND AS I SAID ALWAYS WHEN YOUR DEAL ITS 50% OF GAIN TAKE 50% OF IT AND MOVE STOP TO BREAK EVENT OR ENTER POINT AND REMOVE TAKE PROFIT AND LET IT TO RUN TO CATCH MAXIMUM PROFIT IF THERE'S BIG TREND
HAVE A NICE DAY
CHEER
THOMAS
Tesla - Going down soonElliott Wave Theory suggests that Tesla's rally may soon come to an end.
This is hardly mistakable as we can see a very obvious Wave 4 Triangle (in chart).
Once Wave 5 is in - or already in, a major correction (A-B-C) ensues.
Wave 5 could very well be an Ending Diagonal, if it decides to extend further.
Ideal price to start investing in Tesla would be around the 0.5 to 0.618 Fibonacci Retracment levels .
It may or may not go lower, but trying to catch the absolute bottom is not what you'd like to do.
Dow Jones: Is this the beginning of a 2nd SELL-OFF? Cont'd2nd wave of coronavirus has become a factor in Europe.
Central banks are selling gold for the first time in more than a decade to keep their economy afloat.
Dow Jones had the biggest weekly drop in 7-months after multiple breakouts such as 1) the 5-month rising trendline, 2) the neckline of a double top and 3) created a lower low in 7-month.
With all the above factors, we have a case to expect the 2nd wave of the selloff in the stock market which probably has begun.
The strategy to sell is simple:
1. Don't be a fortune teller and try to time the market and trade with tight stop loss.
2. Make sure your trade does survive before the price pulls all the way back to the double top at 29200.
AAPL - Interesting areaHi Traders
Next week it could get really interesting for Apple. On friday we fell back into the area where we saw a big reaction after the last earnings report. A lot of institutional money thought this stock would be worth more.
How do they think now, after the stock split and the latest US-China trade war capter around bannishment from Tik Tok etc?
Depending on the reaction of the price in this area it could become interesting to buy into AAPL for a shorter period of time.
Live Trading video - Shorting TSLA after rejecting from high's!!Thank GOD !!!
Things you can learn from this live trading video :
1.How to control your emotion.
2.Stick to your plan.
3.Trust your strategy
4.Look when I shorted the stock
5.Look when I added to shorts with low quantity
6.Look how I covered my profit's i.e, partials
7.How I shift my stop losses while trading
8.How I set my profit target
9.I have tried showing all this thing with graphical representation