Cup and handle. Doesn't quite meet the required handle pull back criteria but attractive none the less.
Same as SPX. Needs to hold next years pivot point. Run up into xmas as per usual then crash?
Blood moons appear in groups, and seem to signal a change in directional pull for the markets. A failure to close above a weekly (monthly) pivot when a cycle ends suggest a bear market is upon us. SPX is currently under the monthly pivot moving out of a blood moon cycle. Next blood moon cycle is in 2018 when the market should have recovered or be starting its...
These views are my own and this is not trading advice. Technical : Probably a few sensible stops at the 236% retrace area for the butterfly pattern failure around 1320/30 We are also at a bigger 236% retrace area at 1327 from recent lows. The butterfly pattern targets 1087 which is 50% fib of the previous bullish move. 200dma is sloping down so bias should still...
Could retest 17000 if 16600 is broken? but we might not see it again for a long time!
8850-8830 interesting area for longs. If we dont break 8833 area and then break out of the trend look for a burst out to the 9250 area which is also a fib line. Lower targets sub 8750.
Pair of deep crab formations High PRZ 7400 Low PRZ 5580 Break of 6770 invalidates bearish crab Break of 6390 invalidates bullish crab
4h chart. Looking at bigger picture is bearish. Confirms the sell sign at 1.01