Trade-Farmer

Trade-Farmer

Good day my fellow traders. Sending you a heads on a triple top pattern on the 1hr SPX. Target @ 4979.6 area. Remember target price is an area we shoot for but no guarantee that price will hit that spot on the dime, so pay attention to candles and look for reversal around that price range. Best of luck in all your trades :) $$$

Trade-Farmer Updated 

Good evening Traders! Hope everyone had a profitable trading week? :) $$$ Unbelievable parabolic moves and groves. (Crazy). What's next? Well, without getting too complicated and keeping things simple let's take a quick peek at the 1hr and we can see a likely correction about to play out. 4942.4 would be a target start. Let's see what Tuesday brings. Have a...

Trade-Farmer

Good evening or day fellow traders. Could we be sitting in the cross roads of heaven & hell for the S&P 500? Million dollar question yet to get answered by the market it's self. Let's touch on a possibility then take it one day at a time from there. I posted 2 charts, 1 SPX, 2 ES. First chart is SPX daily line chart, I have drawn a possible continued...

Trade-Farmer

Hope all of you fellow traders had a great holiday and New Year! Some traders have started out the new year doing well with profits and some not so well. It seems the vibe amongst retail traders is "now what" ? after being shocked by the power of the market steam rolling in one direction only. Yes, no pause and no pullback just straight ahead UP. Ok, let's...

Trade-Farmer Updated 

Hey Traders! We are back after a holiday and getting ready to make more $$$. Cash all longs and get ready for a new position and new ride. Price is unable to break through a upper trendline and has eroded time sitting there. As this business goes, time is money and time for the bulls to give it up and surrender to the bears. ( No offence or anything personal...

Trade-Farmer Updated 

Looks like we have a inverse H&S pattern on the daily chart in SPX. We need to see a test of neckline around 4373.2 area to really put some conviction on a bull move to 4618.2 area. I would like to see a pullback next week to the neckline area then a continuation upward, to be confident in a long position up to 4618.2 area. Starting to look like a bullish...

Trade-Farmer Updated 

Attention swing traders ! Starting to look like a long trade in the works. 2hr chart is showing structure building . Highlighted in blue at bottom of chart. If price breaks out over 4266.4 area and holds you can bet the bulls take price up to at least the 4310.7 area and possibly 4325.8. After targets are met we wait for more clues to unfold as to what the big...

Trade-Farmer Updated 

Hello fellow traders! What a trading week it has been! Not bad for the experienced trader, not so good for the beginner and or noobie's. From time to time I entertain myself with TV chat and just shake my head with some of the comments on there. Lol! Total entertainment mostly :) Let's get into what is going on. I title this post as I see it. Who here is...

Trade-Farmer Updated 

What a day today was for both the Bears and the Bulls. For bears we reached the bottom of a bullish trendline on the daily. Profits should have been taken today. Bulls have a chance at filling in the gap at around 4401 ish area. 1) We closed with a kinda spinning top candle off the trendline on daily. 2) We have a bullish engulfing candle on the 2hr. 3) Both...

Trade-Farmer Updated 

We now have a H & S pattern complete on daily SPX . Price closing below neckline could prove to be a nice short trade down to at least 4373.21 area. Traders choice if they want to see if neckline gets tested over next couple days or just jump in,in case price keeps going down. Risk tolerance and position size would dictate that. It's a wait and see what happens...

Trade-Farmer Updated 

Spx now showing signs of a bearish structure in the 15m and 1h charts. Too early to tell for sure market movement but I am posting a very possible path price may take into next week. We trade what we see not what we hear! The play is short within the small megaphone pattern. Anything pushing to the outside of this structure cancels out the position. More on...

Trade-Farmer Updated 

Do we have a island top formation on the 4hr? Seems to look that way and if we break below the 4385.05 area then you can put some money on that we head down to the next support area I marked on the chart. More on this as she plays out. Best of luck in all your trades.

Trade-Farmer Updated 

Two sides to every coin and two sides to every trader's opinion and position. Are you on the right side? Depends on your time frame. If you want to look into the future the only crystal ball a trader has is the bigger TF charts. What can you see on a monthly of SPX? I will tell you what I see. I see a inverted head and shoulders pattern and that usually means ,up...

Trade-Farmer Updated 

SPX is taking a turn. We should see a break to downside to at least the support area I plotted on the 4hr chart. I will keep you posted as to how this price action plays out. Keep your eyes on the daily and 4hr for better clarity. Best of luck in all your trades.

Trade-Farmer Updated 

Upon inspection of the SPX daily chart we can visualize the possible formation of a H & S pattern in the working. Using various S & R areas and a snapshot of the left side on daily, we draw out a possible path - pattern scenario. If this scenario plays out we would have a nice short play to bet on. Until this fully forms I would think we can expect more chop on...

Trade-Farmer

Today was a great day if you were a bear. Not so if you were a bull. Zooming in on the 4hr chart in after hours we have a candle or bar closing near the middle. This indicates indecision or buyers coming in with large enough orders to stop the selling and prop up price. To me we could have some wide price swings in both directions as this battle plays out. Be...

Trade-Farmer

Back in the trenches goes the price of SPX! We slid under the daily trendline and one step closer to what some people call "DOOM". Well, anything can happen because it's a market driven first by human nature and second humans with $$$. What we want to do is try and predict the next move this big money will do next. How? By watching some stooge on market news...

Trade-Farmer

SPX daily chart could be forming a bullish flag formation. Price could also just jump over 3712 then make an attempt at breaking the trendline around 3748 area. It's a wait and see at the moment. On the bull side of things price could break the trendline and test 3900 area, retreat and test 3748 area for support. If she holds then I'm pretty sure we fly up and...