Just playing with monthly bars. It is only for testing and results are not final.
S&P500 This Week Perspective This week should be the turning point on weekly chart and price should start falling off the high next week. Are we talking about the odds here, the import point I want to stress on here is the weekly high 2044 must be respected. Any breakout of this high will turn S&P 500 into bullish mode again 2064, 2070, and 2099 are possible...
S&P500 Forecast-ed Move for this week. ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week. For the short...
Good buy zone on the close of hourly or 30 minute above 79.90 for an upward move to 81.65-75.
ES 12-14 is preparing for a weekly top next week Monday November 3rd, 2014. Any pullback to 2003-2004 zone will be a good buying opportunity for an upward move before reversal. Targets will be 2028 level and if the price closes above this line, next target will be 2048. Note the move will be accompanied by United States elections, 2014. I prefer testing the...
Gold currently seems forming double bottom that will be confirmed tomorrow Friday October 31st, 2014 or next week on Monday November 3rd, 2014. The decline to the black lines will form a high probable trade setup as this area looks good buying zone off which the rally to the first target line seems very plausible. However, the price action with respect to the...
CL 12-14: Light Sweet Crude Oil CL is forming strong bullish move during November 2014 off the weekly bottom being formed this week. Aggressive traders can go long on any pullback move to the critical black lines. If weekly bar closes above 81.16-20 zone, this will be great confirmation of starting uptrend at least during first two weeks of November before the...
Although late in sharing this setup due to very time constraints, I still believe it is valid and one can grab some pips from this setup. Market opened above the critical line 1.2669 yesterday which indicates imminent bullish move. First price target will be 1.2271-5 within three/four days maximum. If the price closes above this line, next bus station will be...
Updates (27-10-2014): S&P 500 seems it has touched the blue line 1965-66 and dropped to the forecast-ed blue test area and bounced off the critical zone 10 points. Let's watch it today and will come back with updates.
Weekly bottom was formed on 15-Oct-2014 which is one week earlier than our expected ES bottom on this week ended on 24-Oct-2014. The price closed well above the critical sentiment level of 1941.50 on Thursday 23rd and continued the move on Friday 24th towards critical resistance lines 1965/1966. We are looking to buy the dips to 1940-1942 levels and if the price...