I Spy with My Eyes... Bearish S&P
Traders!
This is my first Public SPY Update and we are going to be discussing some of the fundamentals and technicals influencing the market at this time.
For those of you who do not know... this is an ETF that tracks the S&P 500 and I am bearish on this market at this point
Lower Structure Zone at 225 (ceiling) / 210 (floor)
Key Bull Level = 270
Key Bear Level = 245
Important Dates to Consider
November 8 2016 = US Presidental Election Day with Price Gapping Up to lead the Bullish Run
January 20 2017 Trump Inaugurated while price was sitting at the 225 Quarter Level
January 20 2018 One year Aniversary Structure + "Last Leg Up" & Divergence coming into alignment
*** February 1 to 9 Candlestick Formations ***
Jerome Powell new US Federal Reserve Chair Feb 2018
March 17 2018 New Moon
April 15 2018 ** New Moon (270)
Timeframe Scanning Significance Indications
Weekly 200 EMA is at 221 and there is high volatility and bearish momentum (strength) within the candlesticks
Daily 200 EMA is at 259 and the candlestick formation when Jerome Powell was brought into office looks (almost) identical to the weekly "last leg" candle
H4 200 EMA (lagging indicator) at the time of this publication nearly coincides with yellow eclipse
H1 Clear Divergence in the 200 EMA and candle formations with several instances of price gapping down followed by a LOT of bearish momentum (strong, full candlesticks)
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. I am not a licensed financial advisor nor does I give out financial advice. You assume full risk and responsibility for your trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
This is my first Public SPY Update and we are going to be discussing some of the fundamentals and technicals influencing the market at this time.
For those of you who do not know... this is an ETF that tracks the S&P 500 and I am bearish on this market at this point
Lower Structure Zone at 225 (ceiling) / 210 (floor)
Key Bull Level = 270
Key Bear Level = 245
Important Dates to Consider
November 8 2016 = US Presidental Election Day with Price Gapping Up to lead the Bullish Run
January 20 2017 Trump Inaugurated while price was sitting at the 225 Quarter Level
January 20 2018 One year Aniversary Structure + "Last Leg Up" & Divergence coming into alignment
*** February 1 to 9 Candlestick Formations ***
Jerome Powell new US Federal Reserve Chair Feb 2018
March 17 2018 New Moon
April 15 2018 ** New Moon (270)
Timeframe Scanning Significance Indications
Weekly 200 EMA is at 221 and there is high volatility and bearish momentum (strength) within the candlesticks
Daily 200 EMA is at 259 and the candlestick formation when Jerome Powell was brought into office looks (almost) identical to the weekly "last leg" candle
H4 200 EMA (lagging indicator) at the time of this publication nearly coincides with yellow eclipse
H1 Clear Divergence in the 200 EMA and candle formations with several instances of price gapping down followed by a LOT of bearish momentum (strong, full candlesticks)
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. I am not a licensed financial advisor nor does I give out financial advice. You assume full risk and responsibility for your trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
Disclaimer
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