S+P 500, with the strong breakout rally back above 2900 on Monday,
now seems destined to rally back up to parallel trend line resistance at 2965,
to set up a potential "End Game" for this fall.
Breadth, or the number of stocks participating in this new rally
in the last two trading days has exceeded 400 stocks to the upside each day, out of 500 in the S+P...
It may seem obvious to most traders yet it seems for too many trader's it's not.
I am sometimes asked my opinion about an investment that I know little about.
Did you see what happened in soybeans today?
Why arn't you using the precious metals as a hedge in case the whole thing blows up ?
What about that $800 move in bitcoin yesterday ?
Not meaning to feign...
THREE BLACK CROWS = Three red candlesticks is one of the strongest bearish signals.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future. I may or may not hold positions in...
SPX reversed off 2955.8 where it could potentially drop further to 2802.4.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello traders,
SPX500 - We can break the top from here to complete the smaller wxyxz pattern or we will pull back right now to complete a standard 123 flat pattern before continuing upwards to make new highs.
We will need to re-evaluate the price action after we make new highs to see if any signs of continuation are showing but I think we will have a huge pull...
It is an important day in terms of news as the FOMC meeting minutes are released. This
will likely rock the stock markets and depending on the tone set out by the Fed the market
could remain range bounce of break out. If they start to talk down the dollar which could
be expected due to recession talks the market could react positively and a clear break higher
will...
Yields/Gold/Face Value/CTAs...Get Out! Load up after Labor Day into 1st wk of Oct and get ready for a fall run as the triggers are pulled by the FED and Futures...TBD. Don't let the smartypants fake you out! Lets see who fades first...Cheers enjoy your couple of weeks of Summer!!! Raise your cold Beer!
We are headed down to break lower support of a triangle continuation pattern. Descending triangle on SPX and symmetric triangle on SP Futures chart.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the...
This is just preparation... based on; inverted yield curve, gold break to upside, Brexit, looming climate disaster, China Trade War and potential Deutsche bank collapse, unfunded liabilities ect... blah blah blah... and technical analysis of course.
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: Open long from Thursday, 08/15 (with entry point at 2835) got closed with +84.01 index points in gains. No new trades opened today.
Aggressive,...
I still hope that we will go down instead, but that is another option, if we turn around and break out from this triangle to the upside.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and...
And here we are again just below a long term trend line.
Weather market is paying attention to this long term trend line or not, we have benn bouncing up and down, below and above levels of this long term uptrend for a while now.
But it seams like there is smaller and smaller willingness to rise.
Trading volume on SPY yesterday was -27.2% of typical day and...
Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
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